Sunday, November 2, 2008

Extreme Networks Posts Revenue of $89.5 million

Extreme Networks reported revenue for its first fiscal quarter ended September 28, 2008 of $89.5 million, compared to $89.0 million in the year-ago quarter. Net income on a GAAP basis was $1.6 million or $0.01 per diluted share, which is based on 111.5 million weighted average shares outstanding. That compares to year-ago net income of $3.6 million or $0.03 per diluted share.

For the first fiscal quarter of 2009, revenues in North America (U.S., Canada, and Central America) were $35.7 million, revenues in EMEA (Europe, Middle East, Africa, and South America) were $41.6 million, and revenues in APAC (Asia Pacific and Japan) were $12.2 million. That compares to the year-ago revenues of $41.6 million in North America, $30.9 million in EMEA, and $16.5 million in APAC.

"With the recent introduction of innovative new products, our customers are able to deploy high performing networks at compelling prices," said Mark Canepa, president and CEO of Extreme Networks. "We see an opportunity to capitalize in this economic downturn as Enterprises and Metro Carriers worldwide are increasing their focus upon price/performance as a primary decision criteria for new deployments."