1Q25 Financial Results October 30, 2024 ExtremeCloud Universal ZTNA DISCLAIMER Non-GAAP Financial Measures This presentation includes certain financial measures that are not presented in accordance with generally accepted accounting principles in the United States ("GAAP), such as, among other things, Non-GAAP Net Income (Loss), Non-GAAP EPS, Non-GAAP Operating Margin, Free Cash Flow, Net Cash (Debt), Non-GAAP Gross Margin, Non-GAAP Operating Income (Loss), and Adjusted EBITDA. Extreme Networks, Inc. (the " ...

Financial Data and Key Metrics Changes - First quarter revenue reached $269.2 million, growing 5% sequentially, driven by recovery in product sales and subscription contracts [25][24] - Earnings per share (EPS) was $0.17, exceeding initial outlook by $0.05 and the high end of guidance [24][31] - Gross margin improved to 63.7%, up 20 basis points sequentially, attributed to higher product revenue and favorable product mix [29][31] - Total recurring revenue accounted for 38% of first quarter revenue, with subscription deferred revenue increasing 19% year-over-year to $282 million [28][31] Business Line Data and Key Metrics Changes - SaaS ARR grew 23% year-over-year, indicating strong demand for cloud offerings [9] - Product revenue was $162.3 million, up 6% sequentially, with notable growth in data center and campus switching [26] - Subscription and support revenue totaled $107 million, up 3% sequentially, driven by cloud subscription strength [27] Market Data and Key Metrics Changes - Revenue in the Americas grew double digits sequentially, with strength noted in North America [25] - APAC region also saw sequential and year-over-year growth, while EMEA experienced a slower recovery due to government spending delays [25][24] Company Strategy and Development Direction - The company is focusing on expanding its cloud management capabilities, integrating AI and security features to enhance competitive advantages [9][10] - New commercial models, including subscription private offers and managed services, are gaining traction, with significant growth in partner engagement [21][22] - The company anticipates continued sequential growth in Q2, supported by a robust funnel of opportunities and market share gains [23][32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about a broad networking market recovery, with expectations for continued demand growth in the second quarter [8][23] - Challenges in the European market were acknowledged, particularly in the public sector, with project delays due to budgetary issues [36][38] - The company expects to see a more robust recovery in larger customer segments as budget resolutions occur [50][51] Other Important Information - The company is the first to ship enterprise-grade Wi-Fi 7 Access Points, enhancing its product offerings [14][15] - Recent significant wins include contracts with major institutions and sports teams, reinforcing the company's market position [19][20] Q&A Session Summary Question: U.S. vs EMEA recovery - Management confirmed that the U.S. is leading the recovery, while EMEA is experiencing delays due to macroeconomic factors [36][38] Question: Share gain against competitors - The company is gaining share primarily from Cisco, with some wins against Juniper and HPE, driven by unique technology advantages [40][41] Question: Recovery in larger customer segments - Management anticipates a return of larger projects, supported by a strong funnel of opportunities [50][51] Question: AI strategy - The company is developing AIOps capabilities to enhance network management and is collaborating with AWS and Microsoft for future AI solutions [56][60] Question: Project impacts and receivables - Earlier project closures contributed modestly to revenue, with a normal gross margin profile [92][93] - Receivables are within normal ranges, with good collection expectations [95][96]

Extreme Networks (EXTR) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 41.67%. A quarter ago, it was expected that this maker of network infrastructure equipment would post earnings of $0.13 per share when it actually produced a loss of $0.08, delivering a surprise of -161.54%. Over ...

Exhibit 99.1 For more information, contact: Investor Relations Media Contact Stan Kovler Amy Aylward 919/595-4196 603/952-5138 Investor_relations@extremenetworks.com pr@extremenetworks.com Extreme Networks Reports First Quarter Fiscal Year 2025 Financial Results Beats Revenue and EPS Guidance Sequential Revenue Growth Drives Margin Improvement and Cash Flow Morrisville, NC, October 30, 2024 -- Extreme Networks, Inc. ("Extreme") (Nasdaq: EXTR) today released financial results for its first quarter ended Sept ...

RADNOR, Pa., Oct. 15, 2024 /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Extreme Networks, Inc. ("Extreme") (NASDAQ: EXTR) on behalf of investors who purchased or otherwise acquired Extreme common stock between July 27, 2022 and January 30, 2024, inclusive (the "Class Period") The lead plaintiff deadline is October 15, ...

NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Extreme Networks, Inc. (NASDAQ: EXTR) and certain of the Company's senior executives. If you invested in Extreme, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/extreme-networks-inc. Investors have until October 15, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims und ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $100,000 In Extreme Networks To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $100,000 in Extreme Networks between July 27, 2022 and January 30, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247- 4292 or 212-983-9330 (Ext. 1310). [You may also click here for additional information] NEW YORK, Oct ...

SAN DIEGO, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers of Extreme Networks, Inc. (NASDAQ: EXTR) common stock between July 27, 2022 and January 30, 2024, all dates inclusive (the "Class Period"), have until this Tuesday, October 15, 2024 to seek appointment as lead plaintiff of the Extreme Networks class action lawsuit. Captioned Steamfitters Local 449 Pension & Retirement Security Funds v. Extreme Networks, Inc., No. 24-cv-05102 (N.D. Cal.), the Extreme Netwo ...

RADNOR, Pa., Oct. 11, 2024 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the Northern District of California against Extreme Networks, Inc. ("Extreme") (NASDAQ: EXTR) on behalf of investors who purchased or otherwise acquired Extreme common stock between July 27, 2022 and January 30, 2024, inclusive (the "Class Period") The lead plaintiff deadline is October ...

NEW YORK, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Extreme Networks, Inc. (NASDAQ: EXTR) and certain of the Company's senior executives. If you invested in Extreme, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/extreme-networks-inc. Investors have until October 15, 2024 to ask the Court to be appointed to lead the case. The complaint asserts claims und ...