Extreme Networks Reports Second Quarter Fiscal Year 2019 Financial Results
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Extreme Networks (EXTR) Tops Q2 EPS by 3c, Revenues Beat; Offers 3Q EPS Guidance Below Consensus, 3Q Revenue Mid-Point Guidance Below Consensus
January 29, 2019 7:34 AM ESTExtreme Networks (NASDAQ: EXTR) reported Q2 EPS of $0.13, $0.03 better than the analyst estimate of $0.10. Revenue for the quarter came in at $252.7 million versus the consensus estimate of $244.45 million.
Revenue $252.7 million, up 9% year-over-year and up 5% quarter-over-quarter.GAAP gross margin 55.9% compared to 55.8%, in Q2 last year.Non-GAAP gross margin 58.2% compared to 59.4%, in Q2 last year.GAAP operating margin 1.9% compared to (13.5)%, in Q2 last year.Non-GAAP operating margin 8.0%, compared to 8.8%, in Q2 last year.Free Cash Flow* $23.6 million before share... More