Extreme Networks Q2 revenue up 13% YoY to $318M, raises FY23 outlook; CFO transition

EXTREME NETWORKS INC

2023-Q2 EPS reported $0.23 revenue$616,037,000

Q2 revenue $318.3M (+13% YoY); GAAP EPS $0.13, Non-GAAP EPS $0.27.
SaaS ARR $115M, up 29% YoY; free cash flow $67.5M.
Raises FY23 revenue growth outlook to high-end of 10-15% range.
Repurchased 2.6M shares for $49.8M at weighted avg price $19.32.
CFO Rémi Thomas departing; SVP Finance Cristina Tate named interim CFO.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXTREME NETWORKS INC reported second fiscal quarter ended December 31, 2022 results: revenue $318.3 million, net income $17.9 million, EPS $0.13. Guidance raised.

Period: second fiscal quarter ended December 31, 2022
Revenue: $318.3 million
Net income: $17.9 million
EPS: $0.13
Guidance: raised
Result: reported results

Exact text from the filing

Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second fiscal quarter ended December 31, 2022. Fiscal Second Quarter Results: • Revenue $318.3 million, up 13% year-over-year, and up 7% quarter-over-quarter • SaaS ARR* $115 million, up 29% year-over-year, and up 6% quarter-over-quarter • GAAP diluted EPS $0.13, compared to $0.10

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Source: SEC EDGAR

accession 0001564590-23-000754

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