Extreme Networks Q2 FY22 revenue $280.9M record, EPS $0.10/$0.21, SaaS ARR +55%

EXTREME NETWORKS INC

2022-Q2 EPS reported $0.20 revenue$548,617,000

Revenue $280.9M (+16% YoY), record quarter; GAAP EPS $0.10 (vs -$0.02), Non-GAAP EPS $0.21 (vs $0.13).
SaaS ARR $88.3M (+55% YoY); backlog ~$300M after $90M incremental in Q2.
Non-GAAP operating margin 13.1% (up from 10.2%); free cash flow $19.0M.
Repurchased 1.83M shares for $25M at avg $13.65 per share during Q2.
Guidance: double-digit revenue growth, non-GAAP op margin 10-15% for FY22.

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