Extreme Networks Provides Update to Q2 Outlook
2024年1月9日 - 6:30AM
ビジネスワイヤ(英語)
Announces Earnings Reporting Date
Extreme Networks, Inc. (Nasdaq: EXTR), a leader in cloud
networking, today announced a business update on the financial
results for its second quarter ended December 31, 2023. The company
will report its full second fiscal quarter earnings results on
January 31, 2024.
Second quarter revenues are now expected to be approximately
$294 to $297 million, compared to the prior outlook of $312 to $327
million. The company expects annualized subscription and support
revenue to be approximately $430 million, led by 41% year over year
subscription growth, accelerating from 32% growth in Q1. The
company expects recurring revenue to account for 33% of total
revenue. Gross margin is expected to be toward the higher end of
the prior guidance range for the quarter. The company’s ending cash
balance for the quarter was $221.4 million, net of share
repurchases during the quarter of $25 million.
“Our revised second fiscal quarter outlook reflects industry
headwinds of channel digestion and elongated sales cycles. In late
Q2, we saw multiple large deals pushing out to future quarters,”
stated Ed Meyercord, President and CEO at Extreme. “We remain
confident in our long-term strategy and our ability to achieve
double-digit long-term revenue and EPS growth supported by
competitive customer wins and the growth in our opportunity funnel.
In addition, we’ve made significant progress advancing our
strategic initiatives to launch our managed services commercial
platform and unique subscription offering to large service
providers.”
January 31, 2024 Earnings Conference Call
The details for the webcast are:
When:
Wednesday, January 31, 2024, at
8:00 a.m. ET (5:00 a.m. PT)
Where:
http://investor.extremenetworks.com/
Dial in:
To access the call by phone,
please go to this link (Registration Link) and you will be provided
with dial-in details. To avoid delays, we encourage participants to
dial into the conference call fifteen minutes ahead of the
scheduled start time.
Q&A Participation:
If you would like to participate
in the Q&A, please register here: Registration Link
[Q&A]
About Extreme Networks:
Extreme Networks, Inc. (EXTR) creates networking experiences
that enable all of us to advance. We push the boundaries of
technology leveraging the powers of machine learning, artificial
intelligence, analytics, and automation. Over 50,000 customers
globally trust our end-to-end, cloud-driven networking solutions
and rely on our top-rated services and support to accelerate their
digital transformation efforts and deliver progress like never
before. For more information, visit Extreme's website at
https://www.extremenetworks.com/ or LinkedIn, YouTube, Twitter,
Facebook or Instagram.
Extreme Networks and the Extreme Networks logo are trademarks or
registered trademarks of Extreme Networks, Inc. in the United
States, and other countries.
Forward-Looking Statements
Statements in this press release, including statements regarding
the company's expected revenues, recurring revenue, gross margin,
cash balance, and other financial metrics, and the company’s
ability to achieve double-digit long-term revenue and EPS growth,
are forward-looking statements within the meaning of the "safe
harbor" provisions of the Private Securities Litigation Reform Act
of 1995. These forward-looking statements speak only as of the date
of this release. There are several important factors that could
cause actual events to differ materially from those suggested or
indicated by such forward-looking statements. These include, among
others, changes resulting from the completion of the quarter-end
review process, risks related to global macroeconomic and business
trends; a highly competitive business environment for network
switching equipment and cloud management of network devices; the
company’s effectiveness in controlling expenses; the possibility
that the company might experience delays in the development or
introduction of new technology and products; customer response to
the company’s new technology and products; risks related to pending
or future litigation; political and geopolitical factors, including
the Russia/Ukraine conflict; and a dependency on third parties for
certain components and for the manufacturing of the company’s
products. More information about potential factors that could
affect the company's business and financial results are described
in “Management's Discussion and Analysis of Financial Condition and
Results of Operations” and “Risk Factors” included in the company’s
Annual Report on Form 10-K for the year ended June 30, 2023, and
other documents of the company on file with the Securities and
Exchange Commission (available at www.sec.gov). The company
undertakes no obligation to update any forward-looking statements,
whether as a result of new information, the occurrence of certain
events or otherwise. As a result of these risks and others, actual
results could vary significantly from those anticipated in this
press release, and the company’s financial condition and results of
operations could be materially adversely affected.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240108360484/en/
Investor Relations and Press Contacts:
Stan Kovler Vice President, Corporate Strategy & Investor
Relations Extreme Networks 919-595-4196
investor_relations@extremenetworks.com
Amy Aylward Vice President, Corporate Marketing Extreme Networks
603-952-5138 PR@extremenetworks.com
Extreme Networks (NASDAQ:EXTR)
過去 株価チャート
から 5 2024 まで 6 2024
Extreme Networks (NASDAQ:EXTR)
過去 株価チャート
から 6 2023 まで 6 2024