Extreme Posts Revenue of $88.9 million, up 7% Sequentially

Extreme Networks reported quarterly revenue of $88.9 million, up 7 percent sequentially. The company reported a net loss for the quarter of $1.1 million or $0.01 per share. This is improved from a net loss of $5.6 million or $0.05 per share in the prior quarter. Revenue in the U.S. was $38.8 million or 44% of total consolidated revenue, up $9.6 million from the previous quarter, representing a solid improvement from the previous quarter. International revenues were $50.1 million, down $4.1 million from prior quarter, due to weakness in the company’s business in Asia. Gross margins were 51.2% of sales. http://www.extremenetworks.com