View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Networks
November 2, 2010

Extreme Networks Q1 revenue up 27% to $84m

Product revenue increased by 36% to $69.2m in Q1 2011

By CBR Staff Writer

Extreme Networks has reported revenue of $84m for the first quarter of fiscal 2011, an increase of 27% compared to $66m for the same period last year.

Revenue from product increased by 36% to $69.2m from $51m, while service revenue decreased to $14.6m from $15.5m for the same quarter last year.

For the first quarter ended 26 September 2010, the company posted an operating income of $2.5m compared to an operating loss of $5.3m during third quarter of fiscal 2010.

The company reported net income of $2.7m for the third quarter of fiscal 2011, compared to a net loss of $5.5m for the same period last year.

Diluted earnings per share were $0.03, compared to a loss of $0.06 per share for the same period last year.

Extreme Networks President and CEO Oscar Rodriguez said while their over-all performance was solid, performance in North America did not meet their expectations, as they believe their decision to make changes in their sales organisation affected their ability to execute within the quarter.

Content from our partners
Why all businesses must democratise data analytics
How start-ups can take the next step towards scaling up
Unlocking the value of artificial intelligence and machine learning

For the second quarter of fiscal 2011, Extreme Networks expects revenue of $85m to $88m and non-GAAP diluted earning per share of $0.05 to $0.07.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED
THANK YOU