Extreme Networks Posts Quarterly Revenue of $87.3 Million

Extreme Networks reported quarterly revenue $87.3 million, an increase from $85.2 million in the prior quarter. The company recorded a non-cash charge of $154 million to establish a valuation allowance against its deferred tax assets. The net loss for the quarter, including this non-cash charge, was $170.4 million or ($1.47) per share, which includes a loss of ($1.33) per share for the tax charge.
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