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Extreme Networks Reports Preliminary Financial Q3 Results

SANTA CLARA, Calif. April 19, 2012 April 1 $73.0-73.5 million $75.7 million $80-85 million $0.04 $0.05 $0.06-0.08 5:30 p.m. Eastern Time 2:30 p.m. Pacific Time

Oscar Rodriguez

Total revenue for Q3 is expected to be in line with normal seasonality which is traditionally down by an average of 11% and as much as 15%. The Americas continued to be the strongest performing region with APAC experiencing the weakest quarter.   The financial results for the third quarter FY’12 were negatively impacted by longer customer sales cycles, sales execution issues, and challenging macroeconomic conditions in some regions. 

$1 million $147 million

The next step in the Company’s transformation is to drive sales momentum and grow market share by focusing on improved sales execution. The Company is already implementing key sales leadership and organizational changes to improve performance, and to translate sales opportunities into revenue and earnings. 

"As we improve sales execution, we expect to leverage our reduced cost infrastructure to deliver positive EPS and positive cash flow into Q4 and FY’13," continued Rodriguez.  "We believe the overall business is increasing in strength, and we continue to see improved awareness and demand for our new products as indicated by the 65% increase in our sales of 10 gigabit ports in this past quarter when compared to Q2 FY’12.  As a result, we believe we are well positioned to grow revenue, earnings, and cash in FY’13."

FY’12 Guidance
$317M to $325M $0.22 – $0.26 $0.08 $82-90M $0.07 – $0.11

Conference Call
5:30 p.m. Eastern Time 2:30 p.m. Pacific Time http://investor.extremenetworks.com

May 2, 2012
Wednesday, May 2, 2012 5:00 p.m. Eastern Time 2:00 p.m. Pacific Time http://investor.extremenetworks.com www.extremenetworks.com

Extreme Networks, Inc.
Santa Clara, CA

the United States

the United States

 

 

 

SOURCE Extreme Networks, Inc.

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