secwatch.observer — SEC 8-K summary
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Issuer:     EXTREME NETWORKS INC (EXTR)
CIK:        0001078271
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001564590-23-000754
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1078271/000156459023000754/0001564590-23-000754-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1078271/000156459023000754/extr-8k_20230125.htm
  HTML page:      https://secwatch.observer/filing/0001564590-23-000754

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