Wednesday, July 30, 2008

Extreme Networks Posts Revenue of $98.3 Million, up 13% YoY

Extreme Networks reported quarterly net revenue of $98.3 million, compared to $87.1 million in the year-ago quarter, a 13% increase. Net income on a GAAP basis was $0.8 million or $0.01 per diluted share, compared to a net loss of $5.0 million or a loss of $0.04 per diluted share in the year-ago quarter.

"With revenue up 13% for the quarter and 6% for the year, we continue to gain momentum with our channels and end users," said Mark Canepa, president and CEO of Extreme Networks.


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