Extreme Networks Reports Q3 Fiscal 2022 Results with Record Revenue and SaaS ARR

EXTREME NETWORKS INC

2022-Q3 EPS reported $0.29 revenue$834,125,000

Revenue $285.5M, up 13% YoY; SaaS ARR $97M, up 54% YoY.
Product backlog exceeds $425 million; expects FY23 revenue growth of 10-15%.
GAAP EPS $0.10 vs $0.03; Non-GAAP EPS $0.21 vs $0.16.
Recent wins: smart city in Sweden, Marriott Greater China, multiple school districts, five MLB stadiums.
Hosting investor day on May 18, 2022 at MLB headquarters in NYC.

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