earnings
confidence high
sentiment neutral
materiality 0.80
Extreme Networks Q4 GAAP EPS $0.04 on flat revenue; FY22 revenue $1.1B (+10%), backlog record $513M
EXTREME NETWORKS INC
2022-FY EPS reported
$0.33
revenue$1,112,321,000
- Q4 revenue $278.2M (flat YoY); GAAP EPS $0.04 (vs $0.08), non-GAAP EPS $0.15 (vs $0.19).
- FY22 revenue $1.1B (+10% YoY); GAAP EPS $0.33 (vs $0.02), non-GAAP EPS $0.77 (vs $0.57).
- SaaS ARR $103M (+47% YoY); record product backlog $513M.
- FY23 guidance: revenue growth 10-15%, gross margin >60% by year-end, operating margin 10-15%.
- Q4 share repurchases $20M; Board authorized $200M repurchase program over three years from July 1, 2022.