Extreme Networks started FY22 off strong with Q1 revenue of $267.7 million, up 14% year-over-year. SaaS subscription bookings also grew 71% during the quarter.
Extreme Networks President and CEO Ed Meyercord appeared on the TD Ameritrade Network with Nicole Petallides, to discuss what is driving the company’s success.
“It was a very strong first quarter, characterized by unprecedented bookings. We strengthened our number two position in cloud networking, the fastest-growing segment of the industry.” – President and CEO Ed Meyercord on Extreme’s Q1 FY22 earnings.
Extreme’s continued success is directly linked to its customer-centric practices and its commitment to reducing the complexity of deploying and managing increasingly distributed networks at scale. The recently acquired Ipanema business brings game-changing SD-WAN capabilities to the portfolio and further expands on this commitment while strengthening Extreme’s competitive position in the market.
To review Extreme’s earnings release announcing the first quarter fiscal year 2022 financial results, please click here.