Extreme Networks, Inc. Announces Complete Secure Mobility with Analytics for Private Cloud Solution
Mar 16 15
Extreme Networks Inc. announced the complete Secure Mobility with Analytics for the Private Cloud solution. The company's all-inclusive solution combines equipment, software, and licenses to deliver the mobile performance to drive business results. The Extreme Networks solution includes its IdentiFi wireless technology, its NetSight® single pane of glass management system, its Mobile IAM with network access control (NAC) for onboarding and Purview technology. Key no compromise facts: The Extreme Networks offering includes 25 IdentiFi access points, virtualized mobility controller, software licenses for network management, BYOD and network access control, wireless IPS and application analytics. IdentiFi wireless is a highly scalable solution that delivers a seamless and secure network to customers. Netsight is a vendor-agnostic single pane of glass management system that provides centralized visibility and end-to-end granular control of enterprise network resources. Purview provides IT with the visibility and control of applications and websites in all parts of the network, from the wired or wireless edge. Mobile IAM provides comprehensive, simple BYOD onboarding with NAC. Together, company's IdentiFi and Mobile IAM BYOD solution delivers personalized and secure user experiences. The company's technology is backed by its customer support center, the Global Technical Assistance Center.
Extreme Networks Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Earnings Guidance for the Third Quarter Ending March 31, 2015
Jan 28 15
Extreme Networks Inc. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported GAAP revenue of $147.2 million compared to $146.6 million a year ago. Operating loss was $11,082,000 compared to $13,772,000 a year ago. Loss before income taxes was $11,775,000 compared to $15,061,000 a year ago. Net loss was $13,105,000 or $0.13 basic and diluted per share compared to $15,986,000 or $0.17 basic and diluted per share a year ago. Revenue - non-GAAP basis was $147,974,000 compared to $148,347,000 a year ago. Non-GAAP operating income was $6,693,000 compared to $16,276,000 a year ago. Non-GAAP net income was $4,670,000 or $0.05 diluted per share compared to $14,062,000 or $0.14 diluted per share a year ago. Total free cash inflow was $38,644,000 compared to free cash outflow of $9,548,000 a year ago.
For the six months period, the company reported total net revenues of $283,482,000 compared to $222,498,000 a year ago. Operating loss was $28,280,000 compared to operating income of $13,401,000 a year ago. Loss before income taxes was $30,097,000 compared to $14,670,000 a year ago. Net loss was $32,435,000 or $0.33 basic and diluted per share compared to $16,022,000 or $0.17 basic and diluted per share a year ago. Net cash provided by operating activities was $41,453,000 compared to net cash used in operating activities of $4,869,000 a year ago. Capital expenditures were $3,962,000 compared to $12,562,000 a year ago. Revenue - non-GAAP basis was $285,015,000 compared to $224,262,000 a year ago. Non-GAAP operating income was $7,891,000 compared to $21,991,000 a year ago. Non-GAAP net income was $3,736,000 or $0.04 diluted per share compared to $19,370,000 or $0.20 diluted per share a year ago. Total free cash inflow was $37,491,000 compared to free cash outflow of $17,431,000 a year ago.
For the third quarter ending March 31, 2015, the company is targeting GAAP revenue in a range of $129 million to $139 million with non- GAAP revenue in a range of $130 million to $140 million. GAAP gross margin is targeted between 51.0% and 52.0% and non- GAAP gross margin targeted between 55.0% and 56.0%. GAAP net loss is targeted to be between $14 million to $19.5 million, or $0.14 to $0.20 per share. Non- GAAP earnings are targeted in a range of a net loss of $3.1 million to net income of $1.8 million, or a loss of $0.03 to net income of $0.02 per diluted share. The GAAP and non- GAAP net (loss) income targets are based on an estimated 99 million and 101 million, average outstanding shares respectively. Targeted non- GAAP earnings exclude expenses related to stock-based compensation expense, the amortization of acquired intangibles, acquisition and integration related expenses, restructuring expenses and the purchase accounting adjustment related to deferred service revenue.