Sunday, October 4, 2009

Extreme Cites Supply Chain Constraints in Latest Quarter

For its fiscal quarter ended September 27, 2009, Extreme Networks now expects net revenue of approximately $66 million.

"Our supply chain was constrained during the quarter, impacting our ability to deliver product, close transactions and recognize revenue. Our North America business was particularly soft, as some deals were lost and others were delayed beyond the end of the quarter," said Mark Canepa, president and CEO of Extreme Networks.

"I am disappointed that we did not execute to our advantage. However, on a positive note, we expect to report that backlog and deferred revenue increased by approximately $6 million and total cash increased approximately $3 million for the quarter. We and our Board of Directors are committed to addressing the issues that produced these results. I look forward to giving a complete update on our earning release conference call. Further, we are anticipating giving guidance for our second quarter on the call."


Post a Comment

See also