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Extreme Networks, Inc. (EXTR) is a leading provider of software-driven networking solutions aimed at enhancing business operations by facilitating stronger connections among customers, partners, and employees. Founded in 1996 and headquartered in San Jose, California, Extreme Networks serves over 20,000 customers across more than 80 countries.
Extreme Networks offers a comprehensive range of products and services, including wired and wireless network infrastructure equipment and advanced software for network management, policy enforcement, analytics, and access controls. The company's solutions are designed to address the networking needs of various sectors, including business, education, government, healthcare, manufacturing, and hospitality.
Key offerings from Extreme Networks include high-density Wi-Fi solutions, centralized and cloud-based network management systems, and application analytics. These products are engineered to support both on-premise and cloud-based deployments, ensuring flexibility and scalability to meet diverse client requirements.
With a commitment to customer support, Extreme Networks provides 100% insourced call-in technical assistance, catering to organizations of all sizes. The company's customer base includes some of the world's leading enterprises, reinforcing its reputation for reliability and innovation in the networking industry.
Extreme Networks continues to drive growth and innovation through strategic partnerships and cutting-edge projects. The company's financial performance is bolstered by its significant presence in the Americas, which generates approximately half of its revenue, with the remainder coming from Europe, the Middle East, Africa, and the Asia-Pacific region. For more details, visit Extreme's website or call 1-888-257-3000.
Extreme Networks announces the appointment of Pete Brant as Senior Vice President of U.S. Sales. With over 20 years in networking and cybersecurity, Brant previously led significant sales initiatives at companies like Fortinet and Forcepoint. Paul Semak has been promoted to Senior Vice President of Americas International, focusing on Canada and LATAM. The leadership change aims to drive growth in the cloud networking market, capitalizing on emerging opportunities. Executive Joe Vitalone emphasizes the importance of experienced leadership for revenue growth.
Extreme Networks strengthens its leadership in the Asia Pacific region with key promotions and new hires. Jeff Hurmuses is promoted to Senior Vice President, overseeing APAC sales operations. Freddy Wang joins as Country Sales Director for Taiwan, bringing over 25 years of IT sales experience, and Makoto Naito leads sales in Japan, with more than 40 years in the industry. The company aims to build on recent growth, highlighted by major customer wins, including LG Electronics and Marriott Hotel Group.
Extreme Networks has been chosen as the Official Technology Innovation Partner for Minor League Baseball (MiLB), marking a five-year collaboration. The partnership will see Extreme provide Wi-Fi, Wi-Fi Analytics, and SD-WAN solutions across all 120 MiLB teams. This initiative aims to enhance secure data sharing and improve stadium experiences through advanced connectivity and data analytics, fostering technology-driven gameplay. Extreme's solutions are designed to streamline operations and support fan-facing technologies.
Extreme Networks has launched the AP5050, the first outdoor Wi-Fi 6E access point optimized for high-density venues like stadiums and convention centers. This new technology allows for up to three times more spectrum, enhancing wireless experiences with high-speed connectivity, reduced interference, and improved quality of service. Additionally, the AP5050 incorporates advanced security features, is flexible in deployment, and integrates with the ExtremeCloud management platform for insights into network performance.
Extreme Networks (Nasdaq: EXTR) has announced its investor conference schedule for August and September 2022. Key events include participation in the KeyBanc 2022 Technology Leadership Forum on August 8, the Deutsche Bank 2022 Technology Conference on September 1, and the Citi 2022 Global Technology Conference on September 8. The Lake Street Big6 Investor Conference is set for September 14. With over 50,000 global customers, Extreme Networks leverages AI and machine learning to enhance networking solutions.
Extreme Networks has announced several executive promotions as part of its strategic growth plan. Cristian Mircea is now Chief Development Officer, overseeing the engineering organization. Markus Nispel takes on the role of Chief Technology Officer for EMEA, focusing on product strategy and market execution. Dan DeBacker has been promoted to Senior Vice President of Products to drive product management. The promotions aim to strengthen leadership and leverage the expertise of the new executives in enhancing the company's cloud networking solutions and operational efficiency.
Extreme Networks has launched new partner programs aimed at enhancing competitive advantages in selling and deploying its solutions during the Ignite Partner Conference in Boston. Key initiatives include three new certification badges focusing on government, sports and entertainment, and diversity efforts. Partners now have access to enhanced training and a new customer success program to improve adoption and loyalty. Additionally, grant writing services will assist partners in helping customers secure funding for networking projects, enhancing overall customer outcomes.
Extreme Networks reported record bookings and a 10% increase in revenue for FY22, reaching $1.1 billion. GAAP EPS rose to $0.33, up from $0.02, while Non-GAAP EPS increased to $0.77 from $0.57. Although Q4 revenue remained flat year-over-year at $278.2 million, SaaS ARR surged by 47% to $103 million. The company anticipates FY23 revenue growth of 10-15% and aims to improve gross margins beyond 60%. The strong cash flow allowed for $45 million in share repurchases, highlighting financial health and market demand for its solutions.
Extreme Networks (EXTR) announced that it will release its financial results for the fourth fiscal quarter and fiscal year ending June 30, 2022 on July 27, 2022, before market open. This release will be followed by an earnings conference call at 8:00 a.m. ET. Investors can access the call through a registration link provided in the announcement. Extreme Networks is recognized for its cloud-driven networking solutions, supporting over 50,000 customers globally.
Extreme Networks has partnered with Indicium B.V. and Palo Alto Networks to enhance connectivity at the Zwarte Cross festival in the Netherlands, scheduled for July 14-17, 2022. This festival is known as the largest motocross event globally, featuring over 250 bands and 34 stages. Extreme will provide Wi-Fi 6 access points, ensuring secure and high-bandwidth connectivity for attendees and organizers. Utilizing ExtremeCloud™ IQ and ExtremeAnalytics™, the partnership aims to optimize network performance and improve the overall festival experience.
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