Extreme Networks Must Surpass This Ambitious Goal
In addition to reporting unsurprising fiscal first-quarter earnings, Extreme Networks' (NASDAQ: EXTR) management confirmed the goal of improving the company's operating margin to 15% by the end of its fiscal year in June 2020. Yet even if the network vendor reaches this ambitious target, it will need stronger results to stay competitive.
In the last three months, the company's revenue increased to $255.5 million, up 7% year over year and landing at the midpoint of management's guidance range of $250 million to $260 million. Non-GAAP (adjusted) gross margin of 59.9% almost reached the top-end guidance of 60.1%. And non-GAAP net income of $0.08 per share even exceeded the guidance range of $0.01 to $0.05.
Source Fool.com
