Tuesday, July 31, 2007

Extreme Networks Reported Quarterly Revenue of $87 Million

Extreme Networks reported quarterly revenue of $87.1 million, up 6% from $82.4 million for the same period a year earlier. Net loss on a GAAP basis for the quarter was $5.0 million or a loss of $0.04 per diluted share.

"We're pleased with our U.S. business results, which show year-over-year revenue growth of 17 percent. We're experiencing strong demand for some of our newer products, such as the Summit X450 and the X250, and we are performing well in our vertical markets. We continue to drive the turnaround, focusing both on revenue growth and expense control," said Mark Canepa, president and CEO of Extreme Networks.


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