Extreme Networks reports Q1 EPS 17c, consensus 12c

Reports Q1 revenue $269.2M, consensus $260.55M. “Our first quarter results highlight the early stages of market recovery and upside from projects that closed earlier than anticipated. Extreme’s differentiated enterprise networking solutions continue to resonate with customers and drive competitive wins. The strength of our cloud management platform, enhanced with our advanced AI tools, is evidenced by growth in SaaS ARR, which is up 23 percent year over year. The combination of our cloud, with our truly unique enterprise campus fabric, provides unmatched network performance, resiliency, security benefits, and operating efficiencies. This is why Extreme wins in highly competitive situations,” said Ed Meyercord, president and CEO.