Monday, July 27, 2009

Extreme Networks Reports Revenue of $81.3 Million

Extreme Networks reported quarterly net revenue of $81.3 million, representing a sequential increase of 5 percent as compared to revenue of $77.2 million in the previous quarter and a 17 percent decrease as compared to revenue of $98.3 million in the same period last year. Non-GAAP net income was $2.3 million or $0.03 per diluted share, compared to non-GAAP net income of $3.0 million or $0.03 per diluted share in the fourth quarter last year. Non-GAAP financial results exclude the impact of stock-based compensation and restructuring charges.

Net revenue in North America was $34.9 million, revenue in EMEA was $31.6 million, and revenue in APAC was $14.8 million. That compares to revenue of $26.9 million in North America, $38.5 million in EMEA, and $11.8 million in APAC in the previous quarter.

"We delivered the highest non-GAAP operating income in five quarters while competing in a very difficult global economy," said Mark Canepa, president and CEO of Extreme Networks. "We launched three new product families during the fiscal year, adding to our broad set of products designed for the changing dynamics in the metro carrier, the data center, and converged enterprise markets."