Extreme Posts Revenue of $77.2 million

Extreme Networks reported quarterly net revenue of $77.2 million, down 6% compared to $82.0 million in the year-ago quarter. Non-GAAP net income was $1.2 million or $0.01 per diluted share, excluding $1.2 million in share-based compensation charges and $2.1 million in restructuring charges, compared to year-ago non-GAAP net income of $1.1 million or $0.01 per diluted share, excluding $1.3 million in share-based compensation.


"We delivered positive pro-forma earnings in a challenging market and took steps to reduce our cost structure," said Mark Canepa, president and CEO of Extreme Networks.
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