Extreme Networks, Inc. Provides Earnings Guidance for the Third Quarter and Full Fiscal Year Ending March 31, 2023
January 25, 2023 at 12:05 pm
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Extreme Networks, Inc. provided earnings guidance for the third quarter of fiscal 2023 ending March 31, 2023. For the period, the company expects Total net revenue in the range of $315.0 millions to $325 millions. Net income is expected in the range of $15.7 millions to $23.0 millions. Net income per diluted share is expected in the range of $0.12 to $0.17.
For the year, the company is raising fiscal year 2023 revenue growth outlook to the high-end of 10-15% range and expect this momentum to continue into fiscal year 2023, as the supply chain environment continues to improve.
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined area-network (SD- WAN) infrastructure equipment. The Company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It offers its services in business, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing, and service providers. Its cloud networking technologies provide flexibility and scalability in deployment, management, and licensing of networks globally.
EXTREME NETWORKS, INC. 
