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Jun 30, 2023
Extreme Networks Q4 2023 Earnings Report
Reported a year of exceptional performance with double-digit revenue growth and significant operating leverage.
Key Takeaways
Extreme Networks reported strong Q4 and FY23 results, with Q4 revenue up 31% year-over-year and GAAP EPS growth of 76%. The company doubled its cash generation to $235 million in free cash flow for the year and improved its balance sheet to a net cash position.
Revenue increased by 31% year-over-year.
GAAP diluted EPS increased to $0.19, compared to $0.04 in the prior year quarter.
Non-GAAP diluted EPS increased to $0.33, compared to $0.15 in the prior year quarter.
Generated net cash flow from operations of $80.7 million and free cash flow of $75.5 million.
Extreme Networks
Extreme Networks
Extreme Networks Revenue by Segment
Revenue by Segment
Product Revenue
CapyFin.com Forward Guidance
For its first quarter of fiscal 2024, ending September 30, 2023, the Company is targeting revenue between $342.0 million and $352.0 million.
Positive Outlook
- Total net revenue between $342.0 million and $352.0 million.
- Gross margin between 58.6% and 60.6%.
- Operating margin between 7.5% and 9.8%.
- Net income per diluted share between $0.12 and $0.18.
- Non-GAAP net income per share – diluted between $0.28 and $0.33.