Extreme Networks reported quarterly net revenue of $87.6 million as compared to $73.4 million in the previous fiscal quarter and $89.8 million for the same period last year. GAAP net income was $7.8 million or $0.08 per diluted share.
“Q4 results were in-line with our targets and we are encouraged by the progress we have made in our financial results,” said Oscar Rodriguez, President and CEO of Extreme Networks. “Over the last fiscal year, we have transformed Extreme Networks to take a leading technology position among networking vendors. This coming year we are looking forward to building revenue from our new data center, campus and mobile backhaul product portfolios by leveraging our increased investments in key areas including Software Defined Networking (SDN) and Bring Your Own Device (BYOD) applications.” http://investor.
