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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.
Extreme Networks
Extreme Networks
Extreme Networks Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.com 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.