Extreme Networks, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2022 and Reiterates Revenue Guidance for the Fiscal Year 2023
October 27, 2022 at 07:15 am EDT
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Extreme Networks, Inc. provided earnings guidance for the second quarter ending December 31, 2022 and reiterated revenue guidance for the fiscal year 2023. For the quarter, the company expects total net revenue to be between $299.0 million to $309.0 million. Net income to be between $11.6 million to $18.2 million. Net income per diluted share to be between $0.09 to $0.14.
For the full year of 2023, the company expects revenue growth outlook to be between 10% to 15%.
Extreme Networks, Inc. is a provider of cloud networking solutions and industry services and support. The Company designs, develops, and manufactures wired, wireless, and software-defined area-network (SD- WAN) infrastructure equipment. The Company's cloud solution is a single platform that offers unified network management of wireless access points, switches, and SD-WAN. Its products and services categories include Cloud Networking Platform, Automation, Analytics, and Security Applications, Wireless LAN AP, Wired for Edge, Campus, and Data Center, SD-WAN, Cloud Native Platforms and Applications for Service Providers and Customer Service and Support. It offers its services in business, hospitality, retail, transportation and logistics, education, government, healthcare, manufacturing, and service providers. Its cloud networking technologies provide flexibility and scalability in deployment, management, and licensing of networks globally.
Extreme Networks, Inc. Provides Earnings Guidance for the Second Quarter Ending December 31, 2022 and Reiterates Revenue Guidance for the Fiscal Year 2023
EXTREME NETWORKS, INC. 
