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Mar 31, 2020
Extreme Networks Q3 2020 Earnings Report
Financial results reported a decrease in revenue and EPS due to COVID-19 impact.
Key Takeaways
Extreme Networks reported Q3 fiscal year 2020 results with a revenue of $209.5 million, a GAAP EPS of $(0.37), and a non-GAAP EPS of $(0.14). The company focused on strengthening its balance sheet and cloudifying its portfolio amid the COVID-19 pandemic.
Revenue was $209.5 million, down 16% year-over-year.
GAAP EPS was $(0.37), down from $(0.06) year-over-year.
Non-GAAP EPS was $(0.14), down from $0.08 year-over-year.
Cash and cash equivalents totaled nearly $200 million.
Revenue by Segment
Forward Guidance
Due to the fluid market environment and the back-end loaded nature of the business, Extreme Networks is temporarily suspending its Q4 2020 outlook and will reassess providing quarterly guidance at the end of the fourth fiscal quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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