Extreme Expects 10,000 New Enterprise Customers from Its Acquisitions

Written by:Linda Hardesty
Source URL: https://www.sdxcentral.com/articles/news/extreme-expects-10000-new-enterprise-customers-acquisitions/2017/05/

During Extreme Networks’ third quarter 2017 earnings call yesterday, company executives enthused about all the new customers they’re going to pick up after Extreme closes on its acquisitions of assets from Avaya and Brocade. Those assets combined with assets it recently acquired from Zebra Technologies will result in more than 10,000 new enterprise customers, said Ed Meyercord, president and CEO of Extreme Networks, in the company’s earnings call.

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Extreme reported third fiscal quarter revenue of $148.7 million, an increase of 19 percent year-over-year. Non-GAAP net income for the quarter was $11.6 million, or $0.10 per share, an increase of $0.07 year-over-year.
The third quarter results beat Extreme’s guidance of $0.08 per share and more than tripled its earnings per share from the same quarter a year ago. “The results underscore the success of our accretive acquisition of the Wing wireless business from Zebra,” said Meyercord.

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