Extreme Networks Reports Q1 Earnings Beat on Revenue and Non-GAAP EPS
Extreme Networks (EXTR) reported first-quarter financial results that exceeded analyst expectations for both earnings per share and total revenue. The company posted a non-GAAP EPS of $0.33, surpassing consensus by $0.05, while revenue reached $341.1 million, representing a 10% increase year-over-year and beating estimates by $4.34 million. A significant driver in the results was the company's transition toward recurring revenue models, with SaaS Annual Recurring Revenue (ARR) growing 22% year-over-year to reach $264.7 million. These figures provide a strong foundation as the company looks toward its full-year guidance, which includes an EPS consensus of $1.31 and revenue expectations of approximately $1.39 billion.
Tickers: $EXTR