Extreme Networks Reports $28.7 Million Profit in Q1

Why It Matters:

This news highlights the financial performance of Extreme Networks and sheds light on the company's position in the market.

The Details:

• Net income of 21 cents per share for Extreme Networks in Q1.

• Adjusted earnings, excluding one-time gains and costs, were 35 cents per share.

• The company generated $353.1 million in revenue during this period.

• Expectations for the current quarter (ending in December): per-share earnings between 26 cents and 31 cents.

• Revenue projections for the fiscal second quarter: $312 million to $327 million.

Conclusion:

Extreme Networks Inc. has reported a solid profit of $28.7 million in its fiscal first quarter, demonstrating its strong financial performance. The company anticipates continued growth in the coming months with projected earnings and revenue in the next quarter.