Monday, April 24, 2006

Extreme Networks Reports Revenue of $85.5 Million

Extreme Networks reported quarterly net revenue of $85.5 million, compared to $91.9 million for the same period last year. Net income was $2.8 million, or $0.02 per diluted share on a GAAP basis. Revenues in the U.S. were $33.9 million in the quarter, representing 40 percent of total consolidated revenue, down from $40.7 million or 44.3 percent of revenue in the same quarter a year ago. International revenues were $51.6 million or 60 percent of total revenues compared to $51.2 million or 55.7 percent of total revenues, a year earlier.

"Our improved profitability compared to last year is a bright spot in our results," said Gordon L. Stitt, CEO of Extreme Networks.

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