FOR IMMEDIATE RELEASE
For more information, contact:
Extreme Networks
EXTREME NETWORKS REPORTS PRELIMINARY REVENUE
Schedules First Quarter Conference Call for October 26
SANTA CLARA, Calif.; Oct. 05, 2009 – Extreme Networks, Inc. (Nasdaq:
EXTR) today released preliminary revenue for its 2010 fiscal first quarter
ended September 27, 2009. For the quarter, net revenue is expected to be approximately
$66 million.
“Our supply chain was constrained during the quarter, impacting our ability to deliver
product, close transactions and recognize revenue. Our North America business was
particularly soft, as some deals were lost and others were delayed beyond the end
of the quarter,” said Mark Canepa, president and CEO of Extreme Networks. “I am
disappointed that we did not execute to our advantage. However, on a positive note,
we expect to report that backlog and deferred revenue increased by approximately
$ 6 million and total cash increased approximately $3 million for the quarter. We
and our Board of Directors are committed to addressing the issues that produced
these results. I look forward to giving a complete update on our earning release
conference call. Further, we are anticipating giving guidance for our second quarter
on the call.”
Conference Call
The Company plans to release the financial results of its 2010 fiscal first quarter
ended September 27, 2009 after the close of regular market trading on Monday,
October 26, 2009. A conference call will follow at 4:30 p.m. Eastern Time (1:30
p.m. Pacific Time). The conference call may be heard by dialing 1-877-941-1427 (international
callers dial 1-480-629-9664). A 48-hour replay will be available following the call
by dialing 1-800-406-7325 (international callers dial 1-303-590-3030); the replay
passcode is 4166330. In addition, a live webcast and replay of the call will be
available at http://investor.extremenetworks.com. Financial information to be discussed
during the conference call will be posted on the Investor Relations section of the
Company's website www.extremenetworks.com.
Extreme Networks, Inc.
Extreme Networks provides converged Ethernet networks that support data, voice and
video for enterprises and service providers. The company’s network solutions feature
high performance and high availability switching that deliver insight and control
enabling customers to solve their real-world business communications challenges.
Operating in more than 50 countries, Extreme Networks provides wired and wireless
secure LANs, data center infrastructure and Service Provider Ethernet transport
solutions that are complemented by global, 24x7 service and support.
For more information,visit: www.extremenetworks.com.
Extreme Networks is either a trademark or registered trademark of Extreme Networks,
Inc. in the United States and/or other countries.
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This announcement contains forward-looking statements that involve risks and uncertainties,
including statements regarding the Company's preliminary financial results. Actual
results could differ materially from those projected in the forward-looking statements
as a result of certain risk factors, including, but not limited to adjustments based
upon further review of the Company’s financial results for its fiscal quarter ended
September 27, 2009. The Company undertakes no obligation to update the forward-looking
information in this release. More information about potential factors that could
affect the Company's business and financial results is included in its filings with
the Securities and Exchange Commission, including, without limitation, under the
captions: "Management's Discussion and Analysis of Financial Condition and Results
of Operations," and "Risk Factors," which are on file with the Securities and Exchange
Commission.