Extreme Networks Inc. Reports Earnings Results for the Second Quarter Ended December 31, 2018
January 29, 2019 at 07:30 am
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Extreme Networks Inc. announced earnings results for the second quarter ended December 31, 2018. For the second quarter, the company announced total revenue was USD 252.680 million compared to USD 231.123 million a year ago. Operating income was USD 4.751 million compared to operating loss of USD 31.110 million a year ago. Net income was USD 7.199 million compared to net loss of USD 31.923 million a year ago. Basic earnings per share was USD 0.06 compared to basic loss per share of USD 0.28 a year ago. For the half year, total revenue was USD 492.566 million compared to USD 442.838 million a year ago. Operating loss was USD 267,000 compared to USD 26.618 million a year ago. Net loss was USD 1.866 million compared to USD 27.547 million a year ago. Basic loss per share was USD 0.02 compared to USD 0.24 a year ago.
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. 
