Extreme Networks Reports Second Quarter Fiscal Year 2021 Financial Results
Achieved Record Non-GAAP Gross Margin and Double-Digit Operating Profit
Reaffirms Q3 Business Outlook
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SAN JOSE, Calif., Feb. 9, 2021 /PRNewswire/ Extreme Networks, Inc. ( Extreme ) (Nasdaq: EXTR) today released financial results for its second fiscal quarter ended December 31, 2020, which follows Extreme s preliminary results reported on January 27, 2021. The company has finalized its quarter-end procedures and is reporting its final Q2 financial results.
Fiscal
GAAP EPS $(0.02), up from ($0.20) in Q2 last year
Non-GAAP EPS $0.13, up from $0.11 in Q2 last year
GAAP gross margin 57.9% compared to 55.6% in Q2 last year
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Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Extreme Networks Q2 fiscal year 2021 financial results conference call. [Operator instructions] I will now turn the conference over to your host, Mr. Stan Kovler. Sir, you may begin.
Stan Kovler
Vice President of Strategy and Investor Relations
Thank you, operator, and welcome to the Extreme Networks second fiscal quarter 2021 earnings conference call. I m Stan Kovler, vice president of corporate strategy and investor relations. With me today are Extreme Networks president and CEO, Ed Meyercord; and CFO, Remi Thomas. We just distributed a press release and filed an 8-K detailing Extreme Networks preliminary financial results for the quarter.
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Extreme Networks (NASDAQ:EXTR), an equipment maker for data center networks, reported second-quarter results after the closing bell on Wednesday that smashed analysts estimates across the board, largely due to a steady stream of innovative new products.
Extreme Networks Reports Preliminary Second Quarter Fiscal Year 2021 Financial Results
Strong Results Highlighted by New Cloud Subscription Bookings up 140% Year-Over-Year
Record Cash Flow Drives Debt Reduction of $40 Million
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SAN JOSE, Calif., Jan. 27, 2021 /PRNewswire/ Extreme Networks, Inc. (Nasdaq: EXTR), a cloud-driven networking company, today announced preliminary financial results for its second fiscal quarter ended December 31, 2020.
Customer adoption of Extreme s innovative cloud networking solutions and newly released universal hardware platform, combined with strong execution by global sales teams and channel partners, drove better than expected financial results this quarter. In addition, traction in the company s initiatives to drive effortless experiences, highlighted by the significant ramp of its channel self-service platform, played a key role in driving sequential growth in bookings and operating p
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