secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0001564590-22-002568
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000156459022002568/0001564590-22-002568-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000156459022002568/extr-8k_20220127.htm
  HTML page:      https://secwatch.observer/filing/0001564590-22-002568

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer