Extreme Networks Sees Sales Shortfall for Q1

Extreme Networks announced preliminary financial results for its 2012 fiscal third quarter ended April 1, 2012. For the quarter, total net revenue will be in the range of $73.0-73.5 million, as compared to $75.7 million in the third quarter of fiscal 2011 and previous guidance of $80-85 million for the quarter. In addition, estimated non-GAAP EPS per diluted share is $0.04 per share versus a loss of $0.05 per share in the third quarter of fiscal 2011 and previous guidance in the range of $0.06-0.08 per share.

"I am disappointed that we have not been able to meet our Q3 guidance. Revenue for the quarter is lower than expected due to sales execution issues, lower mobility service provider sales, and macro economic conditions, all of which inhibited our ability to deliver an expected improvement on normal seasonality," said Oscar Rodriguez, president and CEO of Extreme Networks.
http://www.extremenetworks.com