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Dec 31, 2024
Extreme Networks Q2 2025 Earnings Report
Sequential revenue growth and earnings above guidance were driven by consistent execution.
Key Takeaways
Extreme Networks reported Q2 fiscal year 2025 financial results, demonstrating continued market recovery in enterprise networking and marking the third consecutive quarter of sequential revenue growth. The company's competitive win rates improved, especially with larger enterprise customers, due to the simplicity and feature differentiation of their cloud networking platform and enterprise campus fabric solution.
Revenue reached $279.4 million, a 5.7% decrease year-over-year but a 3.8% increase quarter-over-quarter.
SaaS ARR was $181.1 million, up 14.4% year-over-year and 4.0% quarter-over-quarter.
GAAP diluted EPS was $0.06, compared to $0.03 last year.
Non-GAAP diluted EPS was $0.21, compared to $0.24 last year.
Revenue by Segment
Forward Guidance
For its third quarter of fiscal 2025, ending March 31, 2025, the Company is targeting revenue between $276.0 million and $284.0 million.
Positive Outlook
- Total net revenue between $276.0 million and $284.0 million.
- Gross margin between 61.2% and 62.2%.
- Operating margin between 0.0% and 2.1%.
- Earnings (Loss) per share between ($0.04) and $0.00.
- Non-GAAP earnings per share between $0.16 and $0.20.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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