Extreme Networks, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2024
May 01, 2024 at 12:05 pm
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Extreme Networks, Inc. reported earnings results for the third quarter and nine months ended March 31, 2024. For the third quarter, the company reported revenue was USD 211.04 million compared to USD 332.51 million a year ago. Net loss was USD 64.43 million compared to net income of USD 22.13 million a year ago. Basic loss per share from continuing operations was USD 0.5 compared to basic earnings per share from continuing operations of USD 0.17 a year ago. Diluted loss per share from continuing operations was USD 0.5 compared to diluted earnings per share from continuing operations of USD 0.17 a year ago.
For the nine months, revenue was USD 860.55 million compared to USD 948.54 million a year ago. Net loss was USD 31.76 million compared to net income of USD 52.65 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.41 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.39 a year ago.
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. 
