Latest news with #ExtremePlatformONE
Techday NZ
20-05-2025
- Business
- Techday NZ
Extreme Networks launches unified platform powered by AI agents
Extreme Networks has introduced new capabilities within Extreme Platform ONE, integrating conversational, multimodal, and agentic artificial intelligence into a unified enterprise networking platform. The company states that Extreme Platform ONE now seeks to break down traditional divisions between networking and security, relying on AI agents to automate routine network operations and offering licensing models designed to simplify customer adoption and management. According to Extreme Networks, the platform can reduce manual workloads by up to 90 percent. AI functions are embedded at every stage, providing users with centralised access to product documentation, more than 30,000 Global Technical Assistance Center (GTAC) articles, information on vulnerabilities, training content, and further resources. The inclusion of AI Canvas allows for the generation of real-time dashboards, shareable insights, and visual reports in a matter of minutes, reducing the time investment associated with reporting activities. Ed Meyercord, President and Chief Executive Officer of Extreme Networks, said: "Extreme Platform ONE is transformative, saving customers hours, streamlining operations, and delivering insights that allow teams to act faster. And with 130 plus customers already on the platform, we're encouraged by the positive feedback and energised by the real-world results they're seeing as they unlock new levels of visibility, control, and efficiency across their networks." The platform features the Service AI Agent, which aims to accelerate problem resolution by up to 98 percent through automated diagnostics. The Service AI Agent is designed to collect logs, analyse telemetry, autonomously troubleshoot issues across both wireless and fabric environments, and, if customers opt in, auto-remediate incidents. In instances where escalation is necessary, the agent can automatically generate support cases and transfer them to GTAC without requiring customers to fill in forms or endure wait times. Extreme Platform ONE introduces a single workspace, which removes the need for staff to move between various applications. According to the company, this feature streamlines productivity by reducing complex interactions—stating that processes that previously required eight clicks can be accomplished with one. This workspace is intended for use across different organisational levels and departments, promoting collaboration through cross-team AI-assisted workflows. The platform offers visibility across multiple layers, including physical, access, fabric, and service layers, and provides comprehensive views via geo maps, network topology, and fabric overlays. Integrated orchestration and streamlined workflows facilitate planning, design, troubleshooting, and root cause analysis, contributing to the minimisation of network downtime. Security is integrated through ExtremeCloud Universal ZTNA, which delivers AI-assisted policy recommendations. These recommendations can be implemented in a few clicks, unifying policies across users, devices, locations, networks, and applications. The advisory AI agent supports the validation of access requests, recommends group and policy usage, ensures consistent enforcement, and provides setup guidance in real time. This is intended to reduce manual efforts and risk through consistent, automated security processes. Licensing for the platform has been designed to be straightforward, according to Extreme Networks. The company describes an all-in-one licensing approach that allows for seamless upgrades and renewals, complete transparency into assets and contracts, and the availability of free software trials. AI-driven insights also provide hardware recommendations and enable customers to renew subscriptions promptly. Nabil Bukhari, Chief Product and Technology Officer at Extreme Networks, said: "Extreme Platform ONE makes the impossible, possible. There is no other architecture and management combination in the industry that gives you that much information about your end-to-end enterprise in real time. And as the first in our industry to fully unify conversational, multimodal, and agentic AI, we're delivering intelligence and automation at every layer of the network – reducing complexity at every turn and taking tasks from hours to minutes to an instant." Jim Frey, Principal Analyst at Enterprise Strategy Group, now part of Omdia, commented: "Extreme is driving innovation with Platform ONE by unifying its portfolio into a single, powerful platform—layered with AI and wrapped in a simple, intuitive UI. For enterprises, this means more visibility, automation, and control across the network, enabling faster decision-making, reduced complexity, and a foundation that scales with the demands of their business." Extreme Platform ONE is available in Limited Availability, with plans for wider release in the future. The company has noted that more than 130 customers have already implemented the platform and have begun to provide feedback on their experiences.
Yahoo
20-05-2025
- Business
- Yahoo
Extreme Networks Leads Industry with First All-in-One Networking Platform Powered by Conversational, Multimodal, and Agentic AI
Now in Limited Availability, Extreme Platform ONE helps reduce manual tasks by up to 90 percent, offering the deepest and widest network visualization and industry's simplest licensing PARIS, May 20, 2025--(BUSINESS WIRE)--EXTREME CONNECT: Extreme Networks, Inc. (NASDAQ: EXTR) today launched new capabilities within Extreme Platform ONE™, now in Limited Availability—becoming the first in the industry to integrate conversational, multimodal, and agentic AI into one powerful enterprise networking platform. Extreme Platform ONE breaks down silos between networking and security, automates tasks through AI agents, and offers the industry's simplest licensing—reducing mundane networking tasks from hours to minutes and minutes to seconds. Earlier this year, Extreme made the platform available to E-Rate customers and announced General Availability to Managed Service Providers (MSPs). "Extreme Platform ONE is transformative, saving customers hours, streamlining operations, and delivering insights that allow teams to act faster. And with 130 plus customers already on the platform, we're encouraged by the positive feedback and energized by the real-world results they're seeing as they unlock new levels of visibility, control, and efficiency across their networks," said Ed Meyercord, President and CEO of Extreme. Extreme Platform ONE: Delivers up to 90 percent reduction in manual tasks with AI at every interaction: Extreme's conversational, multimodal, and agentic AI goes beyond traditional AIOps, giving users access to trusted knowledge such as product documentation, 30,000+ Global Technical Assistance Center (GTAC) articles, common vulnerabilities and exposures, training content, and more, in a single place. With AI integrated at every step, users have answers when and where they need them. With AI Canvas, users can generate real-time interactive dashboards, shareable insights, and visual reports in minutes—reducing the heavy lift of manual by the industry's most advanced agentic AI, Extreme's Service AI Agent cuts resolution times by up to 98 percent through automated diagnostics, delivering a faster, smarter support experience, with a human in the loop. Like having your best support agent always by your side and on call 24x7, Service AI Agent gathers logs, analyzes telemetry, autonomously troubleshoots issues across wireless and fabric in seconds, and, if customers choose, can auto-remediate issues. When escalation is needed, it auto-generates cases and hands them off to GTAC with no forms or waiting. Cuts 8 Clicks to 1: Improves productivity, cuts unnecessary steps: Extreme Platform ONE's workspace is the industry's first workspace built from the ground up to deliver real-time, hyper-personalized experiences for every role, from network operators and procurement teams to executives. One workspace improves productivity by eliminating the need to work across multiple applications. Its unique cross-team AI-assisted workflows enable better collaboration between cross-functional teams in one unified, intuitive experience. Delivers unrivaled deep and wide visualization removing network blind spots: Extreme Platform ONE offers visibility across physical, access, fabric, and service layers via a single login, delivering deeper, broader visibility than any other management solution or application. With rich views like geo maps, topology, and fabric overlays, customers can see everything from global environments to individual policies, devices, and subscriptions. Integrated orchestration and workflows eliminate the need for multiple tools and streamline planning, design, troubleshooting, and root cause analysis to minimize downtime."We manage two hospitals and multiple community sites, so we need a proactive way of seeing what's going on across every location. In Extreme Platform ONE, being able to visualize every layer of the network, including fabric, completely changes our day-to-day. We can instantly see how everything's connected, pinpoint issues before they escalate, and understand the full context behind what's happening. As our organization grows, Extreme Platform ONE will grow with us and make it easier for us to scale services and deliver outstanding patient care," said Andrew Smith, Head of Digital Service Delivery, West Suffolk NHS Foundation Trust. Decreases Risk with Integrated Access Security: Based on ExtremeCloud™ Universal ZTNA, Extreme delivers AI-assisted policy recommendations that can be applied in just a few clicks, simplifying access security through a single identity-based engine. It unifies policy across users, devices, locations, networks, and applications, cutting complexity, conflicts, and errors. An advisory AI agent validates access requests, suggests optimal group and policy use, ensures consistent enforcement, and offers real-time setup guidance. This automation replaces dozens of manual steps, turning hours into minutes, easing the SecOps workload, and reducing risk through consistent, streamlined security. Unlocks Industry's Simplest Licensing: All-in-one licensing makes upgrades and renewals seamless. Extreme simplifies it all with full visibility into assets and contracts, free software trials, and unmatched value in its standard license. With Extreme AI and smart workflows, customers can renew in minutes and get instant and tailored hardware recommendations. "Extreme Platform ONE makes the impossible, possible. There is no other architecture and management combination in the industry that gives you that much information about your end-to-end enterprise in real time. And as the first in our industry to fully unify conversational, multimodal, and agentic AI, we're delivering intelligence and automation at every layer of the network—reducing complexity at every turn and taking tasks from hours to minutes to an instant," said Nabil Bukhari, Chief Product and Technology Officer, Extreme Networks. "Extreme is driving innovation with Platform ONE by unifying its portfolio into a single, powerful platform—layered with AI and wrapped in a simple, intuitive UI. For enterprises, this means more visibility, automation, and control across the network, enabling faster decision-making, reduced complexity, and a foundation that scales with the demands of their business," said Jim Frey, Principal Analyst, Enterprise Strategy Group, now part of Omdia. Availability Extreme Platform ONE is now in Limited Availability, with General Availability planned for Q3CY25. Customers interested in Limited Availability can register here. About Extreme Networks: Extreme Networks, Inc. (EXTR) is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust Extreme to drive value, foster innovation, and overcome extreme challenges. For more information, visit Extreme's website at or follow us on LinkedIn, YouTube, X, Facebook, or Instagram. Extreme Networks, ExtremeCloud, Extreme Platform ONE, and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States, and other countries. Other trademarks shown herein are the property of their respective owners. View source version on Contacts Media Contact Blair Donald(603) 952-5662PR@
Yahoo
20-05-2025
- Business
- Yahoo
Extreme Networks Leads Industry with First All-in-One Networking Platform Powered by Conversational, Multimodal, and Agentic AI
Now in Limited Availability, Extreme Platform ONE helps reduce manual tasks by up to 90 percent, offering the deepest and widest network visualization and industry's simplest licensing PARIS, May 20, 2025--(BUSINESS WIRE)--EXTREME CONNECT: Extreme Networks, Inc. (NASDAQ: EXTR) today launched new capabilities within Extreme Platform ONE™, now in Limited Availability—becoming the first in the industry to integrate conversational, multimodal, and agentic AI into one powerful enterprise networking platform. Extreme Platform ONE breaks down silos between networking and security, automates tasks through AI agents, and offers the industry's simplest licensing—reducing mundane networking tasks from hours to minutes and minutes to seconds. Earlier this year, Extreme made the platform available to E-Rate customers and announced General Availability to Managed Service Providers (MSPs). "Extreme Platform ONE is transformative, saving customers hours, streamlining operations, and delivering insights that allow teams to act faster. And with 130 plus customers already on the platform, we're encouraged by the positive feedback and energized by the real-world results they're seeing as they unlock new levels of visibility, control, and efficiency across their networks," said Ed Meyercord, President and CEO of Extreme. Extreme Platform ONE: Delivers up to 90 percent reduction in manual tasks with AI at every interaction: Extreme's conversational, multimodal, and agentic AI goes beyond traditional AIOps, giving users access to trusted knowledge such as product documentation, 30,000+ Global Technical Assistance Center (GTAC) articles, common vulnerabilities and exposures, training content, and more, in a single place. With AI integrated at every step, users have answers when and where they need them. With AI Canvas, users can generate real-time interactive dashboards, shareable insights, and visual reports in minutes—reducing the heavy lift of manual by the industry's most advanced agentic AI, Extreme's Service AI Agent cuts resolution times by up to 98 percent through automated diagnostics, delivering a faster, smarter support experience, with a human in the loop. Like having your best support agent always by your side and on call 24x7, Service AI Agent gathers logs, analyzes telemetry, autonomously troubleshoots issues across wireless and fabric in seconds, and, if customers choose, can auto-remediate issues. When escalation is needed, it auto-generates cases and hands them off to GTAC with no forms or waiting. Cuts 8 Clicks to 1: Improves productivity, cuts unnecessary steps: Extreme Platform ONE's workspace is the industry's first workspace built from the ground up to deliver real-time, hyper-personalized experiences for every role, from network operators and procurement teams to executives. One workspace improves productivity by eliminating the need to work across multiple applications. Its unique cross-team AI-assisted workflows enable better collaboration between cross-functional teams in one unified, intuitive experience. Delivers unrivaled deep and wide visualization removing network blind spots: Extreme Platform ONE offers visibility across physical, access, fabric, and service layers via a single login, delivering deeper, broader visibility than any other management solution or application. With rich views like geo maps, topology, and fabric overlays, customers can see everything from global environments to individual policies, devices, and subscriptions. Integrated orchestration and workflows eliminate the need for multiple tools and streamline planning, design, troubleshooting, and root cause analysis to minimize downtime."We manage two hospitals and multiple community sites, so we need a proactive way of seeing what's going on across every location. In Extreme Platform ONE, being able to visualize every layer of the network, including fabric, completely changes our day-to-day. We can instantly see how everything's connected, pinpoint issues before they escalate, and understand the full context behind what's happening. As our organization grows, Extreme Platform ONE will grow with us and make it easier for us to scale services and deliver outstanding patient care," said Andrew Smith, Head of Digital Service Delivery, West Suffolk NHS Foundation Trust. Decreases Risk with Integrated Access Security: Based on ExtremeCloud™ Universal ZTNA, Extreme delivers AI-assisted policy recommendations that can be applied in just a few clicks, simplifying access security through a single identity-based engine. It unifies policy across users, devices, locations, networks, and applications, cutting complexity, conflicts, and errors. An advisory AI agent validates access requests, suggests optimal group and policy use, ensures consistent enforcement, and offers real-time setup guidance. This automation replaces dozens of manual steps, turning hours into minutes, easing the SecOps workload, and reducing risk through consistent, streamlined security. Unlocks Industry's Simplest Licensing: All-in-one licensing makes upgrades and renewals seamless. Extreme simplifies it all with full visibility into assets and contracts, free software trials, and unmatched value in its standard license. With Extreme AI and smart workflows, customers can renew in minutes and get instant and tailored hardware recommendations. "Extreme Platform ONE makes the impossible, possible. There is no other architecture and management combination in the industry that gives you that much information about your end-to-end enterprise in real time. And as the first in our industry to fully unify conversational, multimodal, and agentic AI, we're delivering intelligence and automation at every layer of the network—reducing complexity at every turn and taking tasks from hours to minutes to an instant," said Nabil Bukhari, Chief Product and Technology Officer, Extreme Networks. "Extreme is driving innovation with Platform ONE by unifying its portfolio into a single, powerful platform—layered with AI and wrapped in a simple, intuitive UI. For enterprises, this means more visibility, automation, and control across the network, enabling faster decision-making, reduced complexity, and a foundation that scales with the demands of their business," said Jim Frey, Principal Analyst, Enterprise Strategy Group, now part of Omdia. Availability Extreme Platform ONE is now in Limited Availability, with General Availability planned for Q3CY25. Customers interested in Limited Availability can register here. About Extreme Networks: Extreme Networks, Inc. (EXTR) is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust Extreme to drive value, foster innovation, and overcome extreme challenges. For more information, visit Extreme's website at or follow us on LinkedIn, YouTube, X, Facebook, or Instagram. Extreme Networks, ExtremeCloud, Extreme Platform ONE, and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States, and other countries. Other trademarks shown herein are the property of their respective owners. View source version on Contacts Media Contact Blair Donald(603) 952-5662PR@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
20-05-2025
- Business
- Business Wire
Extreme Networks Leads Industry with First All-in-One Networking Platform Powered by Conversational, Multimodal, and Agentic AI
PARIS--(BUSINESS WIRE)-- EXTREME CONNECT: Extreme Networks, Inc. (NASDAQ: EXTR) today launched new capabilities within Extreme Platform ONE ™, now in Limited Availability—becoming the first in the industry to integrate conversational, multimodal, and agentic AI into one powerful enterprise networking platform. Extreme Platform ONE breaks down silos between networking and security, automates tasks through AI agents, and offers the industry's simplest licensing—reducing mundane networking tasks from hours to minutes and minutes to seconds. Earlier this year, Extreme made the platform available to E-Rate customers and announced General Availability to Managed Service Providers (MSPs). 'Extreme Platform ONE is transformative, saving customers hours, streamlining operations, and delivering insights that allow teams to act faster. And with 130 plus customers already on the platform, we're encouraged by the positive feedback and energized by the real-world results they're seeing as they unlock new levels of visibility, control, and efficiency across their networks,' said Ed Meyercord, President and CEO of Extreme. Extreme Platform ONE: Delivers up to 90 percent reduction in manual tasks with AI at every interaction: Extreme's conversational, multimodal, and agentic AI goes beyond traditional AIOps, giving users access to trusted knowledge such as product documentation, 30,000+ Global Technical Assistance Center (GTAC) articles, common vulnerabilities and exposures, training content, and more, in a single place. With AI integrated at every step, users have answers when and where they need them. With AI Canvas, users can generate real-time interactive dashboards, shareable insights, and visual reports in minutes—reducing the heavy lift of manual reporting. Powered by the industry's most advanced agentic AI, Extreme's Service AI Agent cuts resolution times by up to 98 percent through automated diagnostics, delivering a faster, smarter support experience, with a human in the loop. Like having your best support agent always by your side and on call 24x7, Service AI Agent gathers logs, analyzes telemetry, autonomously troubleshoots issues across wireless and fabric in seconds, and, if customers choose, can auto-remediate issues. When escalation is needed, it auto-generates cases and hands them off to GTAC with no forms or waiting. Cuts 8 Clicks to 1: Improves productivity, cuts unnecessary steps: Extreme Platform ONE's workspace is the industry's first workspace built from the ground up to deliver real-time, hyper-personalized experiences for every role, from network operators and procurement teams to executives. One workspace improves productivity by eliminating the need to work across multiple applications. Its unique cross-team AI-assisted workflows enable better collaboration between cross-functional teams in one unified, intuitive experience. Delivers unrivaled deep and wide visualization removing network blind spots: Extreme Platform ONE offers visibility across physical, access, fabric, and service layers via a single login, delivering deeper, broader visibility than any other management solution or application. With rich views like geo maps, topology, and fabric overlays, customers can see everything from global environments to individual policies, devices, and subscriptions. Integrated orchestration and workflows eliminate the need for multiple tools and streamline planning, design, troubleshooting, and root cause analysis to minimize downtime. "We manage two hospitals and multiple community sites, so we need a proactive way of seeing what's going on across every location. In Extreme Platform ONE, being able to visualize every layer of the network, including fabric, completely changes our day-to-day. We can instantly see how everything's connected, pinpoint issues before they escalate, and understand the full context behind what's happening. As our organization grows, Extreme Platform ONE will grow with us and make it easier for us to scale services and deliver outstanding patient care,' said Andrew Smith, Head of Digital Service Delivery, West Suffolk NHS Foundation Trust. Decreases Risk with Integrated Access Security: Based on ExtremeCloud™ Universal ZTNA, Extreme delivers AI-assisted policy recommendations that can be applied in just a few clicks, simplifying access security through a single identity-based engine. It unifies policy across users, devices, locations, networks, and applications, cutting complexity, conflicts, and errors. An advisory AI agent validates access requests, suggests optimal group and policy use, ensures consistent enforcement, and offers real-time setup guidance. This automation replaces dozens of manual steps, turning hours into minutes, easing the SecOps workload, and reducing risk through consistent, streamlined security. Unlocks Industry's Simplest Licensing: All-in-one licensing makes upgrades and renewals seamless. Extreme simplifies it all with full visibility into assets and contracts, free software trials, and unmatched value in its standard license. With Extreme AI and smart workflows, customers can renew in minutes and get instant and tailored hardware recommendations. 'Extreme Platform ONE makes the impossible, possible. There is no other architecture and management combination in the industry that gives you that much information about your end-to-end enterprise in real time. And as the first in our industry to fully unify conversational, multimodal, and agentic AI, we're delivering intelligence and automation at every layer of the network—reducing complexity at every turn and taking tasks from hours to minutes to an instant,' said Nabil Bukhari, Chief Product and Technology Officer, Extreme Networks. 'Extreme is driving innovation with Platform ONE by unifying its portfolio into a single, powerful platform—layered with AI and wrapped in a simple, intuitive UI. For enterprises, this means more visibility, automation, and control across the network, enabling faster decision-making, reduced complexity, and a foundation that scales with the demands of their business,' said Jim Frey, Principal Analyst, Enterprise Strategy Group, now part of Omdia. Availability Extreme Platform ONE is now in Limited Availability, with General Availability planned for Q3CY25. Customers interested in Limited Availability can register here. About Extreme Networks: Extreme Networks, Inc. (EXTR) is a leader in AI-powered cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust Extreme to drive value, foster innovation, and overcome extreme challenges. For more information, visit Extreme's website at or follow us on LinkedIn, YouTube, X, Facebook, or Instagram. Extreme Networks, ExtremeCloud, Extreme Platform ONE, and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States, and other countries. Other trademarks shown herein are the property of their respective owners.
Associated Press
30-04-2025
- Business
- Associated Press
Extreme Networks Reports Third Quarter Fiscal Year 2025 Financial Results
MORRISVILLE, N.C.--(BUSINESS WIRE)--Apr 30, 2025-- Extreme Networks, Inc. ('Extreme') (Nasdaq: EXTR) today released financial results for its third quarter ended March 31, 2025, highlighting strong execution, continued market recovery in enterprise networking and Extreme's fourth consecutive quarter of sequential revenue growth. 'Our continued growth reflects our elevated team performance as it pertains to generating opportunities and improving win rates, particularly among new logos we won from larger competitors. The simplicity of our cloud networking platform, differentiation of our enterprise campus fabric solution, and accelerated traction with new commercial models, such as selling through managed service providers, is creating a robust pipeline of opportunities and provides us with good visibility,' said Ed Meyercord, President and Chief Executive Officer. 'We continue building momentum for Extreme Platform ONE, the industry's only solution to offer holistic AI for networking. The solution drives significant automation by leveraging AI agents that assist in tasks across the entire network lifecycle, from planning and deployment to management and remediation, significantly reducing the time to complete complex tasks from hours to minutes. Nearly 100 customers have pre-ordered Platform ONE, and we see encouraging bookings activity, which is a positive sign for future demand,' concluded Meyercord. Kevin Rhodes, Executive Vice President and Chief Financial Officer, stated, 'Our team's strong execution drove continued sequential revenue growth in the third quarter. The resulting operating leverage led to another quarter of strong earnings and cash flow. We are seeing accelerated growth in our funnel and higher conversion rates, which give us confidence for the fourth quarter, driving year-over-year topline growth for the fiscal year. We expect earnings and cash flow growth based on our higher revenue outlook and prudent expense management.' Fiscal Third Quarter Results: Liquidity: Recent Key Highlights: Fiscal Q3 2025 Financial Metrics: Extreme uses the non-GAAP free cash flow metric as a measure of operating performance. Free cash flow represents GAAP net cash provided by (used in) operating activities, less capital expenditures for purchases of property and equipment and capitalized software development costs. Extreme considers free cash flow to be useful information for management and investors regarding the amount of cash generated by the business after the purchases of property and equipment and capitalized software development costs, which can then be used to, among other things, invest in Extreme's business, make strategic acquisitions, and strengthen the balance sheet. A limitation of the utility of this non-GAAP free cash flow metric as a measure of financial performance is that it does not represent the total increase or decrease in the Company's cash balance for the period. The following table shows non-GAAP free cash flow calculation (in millions): SaaS ARR: Extreme uses SaaS annual recurring revenue ('SaaS ARR') to identify the annual recurring revenue of ExtremeCloud IQ and other subscription revenue, based on the annualized value of quarterly subscription revenue and term-based licenses. We believe that SaaS ARR is an important metric because it is driven by our ability to acquire new customers and to maintain and expand our relationships with existing customers. SaaS ARR should be viewed independently of revenue or deferred revenue that are accounted for under U.S. GAAP. SaaS ARR does not have a standardized meaning and therefore may not be comparable to similarly titled measures presented by other companies. SaaS ARR is not intended to be a replacement for forecasts of revenue. Gross Debt: Gross debt is defined as long-term debt and the current portion of long-term debt as shown on the balance sheet plus unamortized debt issuance costs, if any. Net Cash (Debt) is defined as cash and cash equivalents minus gross debt, as shown in the table below (in millions): Business Outlook: Extreme's business outlook is based on current expectations. The following statements are forward-looking, and actual results could differ materially based on various factors, including market conditions and the factors set forth under 'Forward-Looking Statements' below. For its fourth quarter of fiscal 2025, ending June 30, 2025, the Company is targeting: The following table shows the GAAP to non-GAAP reconciliation for Q4 FY'25 guidance: For the full year fiscal 2025, ending June 30, 2025, the Company is targeting (in millions): Conference Call: Extreme will host a conference call at 8:00 a.m. Eastern (5:00 a.m. Pacific) today to review the third quarter results of fiscal 2025 as well as the business outlook for the fourth quarter of fiscal 2025 ending June 30, 2025, including significant factors and assumptions underlying the targets noted above. The conference call will be available to the public through a live audio web broadcast via the internet at and a replay of the call will be available on the website for at least 7 days following the call. To access the call, please go to this link ( Extreme Networks Q3'25 Earnings Registration) and you will be provided with dial in details. If you would like to participate in the Q&A, please register here: Q&A Registration Link. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. About Extreme: Extreme Networks, Inc. ( EXTR ) is a leader in AI-driven cloud networking, focused on delivering simple and secure solutions that help businesses address challenges and enable connections among devices, applications, and users. We push the boundaries of technology, leveraging the powers of artificial intelligence, analytics, and automation. Tens of thousands of customers globally trust our AI-driven cloud networking solutions and industry-leading support to enable businesses to drive value, foster innovation, and overcome extreme challenges. For more information, visit Extreme's website at or follow us on LinkedIn, YouTube, X, Facebook, or Instagram. Extreme Networks, ExtremeCloud, Extreme Platform ONE, and the Extreme Networks logo, are trademarks of Extreme Networks, Inc. or its subsidiaries in the United States and/or other countries. Other trademarks shown herein are the property of their respective owners. Non-GAAP Financial Measures: Extreme provides all financial information required in accordance with U.S. generally accepted accounting principles ('GAAP'). The Company is providing with this press release non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, net cash (debt) and free cash flow. In preparing non-GAAP information, the Company has excluded, where applicable, the impact of share-based compensation, amortization of intangibles, restructuring and related charges, system transition costs, litigation charges, debt refinancing charges and the tax effect of non-GAAP adjustments. The Company believes that excluding these items provides both management and investors with additional insight into its current operations, the trends affecting the Company, the Company's marketplace performance, and the Company's ability to generate cash from operations. Please note the Company's non-GAAP measures may be different than those used by other companies. The additional non-GAAP financial information the Company presents should be considered in conjunction with, and not as a substitute for, the Company's GAAP financial information. The Company has provided a non-GAAP reconciliation of the results for the periods presented in this release, which are adjusted to exclude certain items as indicated. These measures should only be used to evaluate the Company's results of operations in conjunction with the corresponding GAAP measures for comparable financial information and understanding of the Company's ongoing performance as a business. Extreme uses both GAAP and non-GAAP measures to evaluate and manage its operations. Forward-Looking Statements: Statements in this press release, including statements regarding those concerning the Company's business outlook and future operating metrics, financial and operating results, are forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date of this release. There are several important factors that could cause actual results and other future events to differ materially from those suggested or indicated by such forward-looking statements. These include, among others, risks related to global macroeconomic and business trends; the Company's failure to achieve targeted financial metrics; a highly competitive business environment for network switching equipment and cloud management of network devices; the Company's effectiveness in controlling expenses; the possibility that the Company might experience delays in the development or introduction of new technology and products; customer response to the Company's new technology and products; risks related to pending or future litigation; political and geopolitical factors, including but not limited to the potential of tariffs imposed by the U.S. government and changes to U.S. tax regulations; and a dependency on third parties for certain components and for the manufacturing of the Company's products. For more information about factors that could cause actual results and other future events to differ materially from those suggested or indicated by such forward-looking statements, see 'Management's Discussion and Analysis of Financial Condition and Results of Operations' and 'Risk Factors' included in the Company's Annual Report on Form 10-K for the year ended June 30, 2024, Quarterly Report on 10-Q for the quarters ended September 30, 2024 and December 31, 2024 and other documents of the Company on file with the Securities and Exchange Commission (available at ). As a result of these risks and others, actual results could vary significantly from those anticipated in this press release, and the Company's financial condition and results of operations could be materially adversely affected. Except as required under the U.S. federal securities laws and the rules and regulations of the Securities and Exchange Commission, Extreme disclaims any obligation to update any forward-looking statements after the date of this release, whether as a result of new information, future events, developments, changes in assumptions or otherwise. To supplement the Company's consolidated financial statements presented in accordance with U.S. generally accepted accounting principles ('GAAP'), Extreme uses non-GAAP measures of certain components of financial performance. These non-GAAP measures include non-GAAP gross profit, non-GAAP gross margin, non-GAAP operating margin, non-GAAP operating income (loss), non-GAAP net income (loss), non-GAAP net income (loss) per diluted share, net cash (debt) and free cash flow. Reconciliation to the nearest GAAP measure of all historical non-GAAP measures included in this press release can be found in the tables included with this press release. Non-GAAP measures presented in this press release are not in accordance with or alternative measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Extreme's results of operations as determined in accordance with GAAP. These non-GAAP measures should only be used to evaluate Extreme's results of operations in conjunction with the corresponding GAAP measures. Extreme believes these non-GAAP measures, when shown in conjunction with the corresponding GAAP measures, enhance investors' and management's overall understanding of the Company's current financial performance and the Company's prospects for the future, including cash flows available to pursue opportunities to enhance stockholder value. In addition, because Extreme has historically reported certain non-GAAP results to investors, the Company believes the inclusion of non-GAAP measures provides consistency in the Company's financial reporting. For its internal planning process, and as discussed further below, Extreme's management uses financial statements that do not include share-based compensation expense, amortization of intangibles, restructuring and related charges, system transition costs, litigation charges, debt refinancing charges and the tax effect of non-GAAP adjustments. Extreme's management also uses non-GAAP measures, in addition to the corresponding GAAP measures, in reviewing the Company's financial results. As described above, Extreme excludes the following items from one or more of its non-GAAP measures when applicable. Share-based compensation. Consists of associated expenses for stock options, restricted stock awards and the Company's Employee Stock Purchase Plan. Extreme excludes share-based compensation expenses from its non-GAAP measures primarily because they are non-cash expenses that the Company does not believe are reflective of ongoing cash requirement related to its operating results. Extreme expects to incur share-based compensation expenses in future periods. Amortization of intangibles. Amortization of intangibles includes the monthly amortization expense of intangible assets such as developed technology, customer relationships, trademarks and order backlog. The amortization of the developed technology and order backlog are recorded in cost of goods sold, while the amortization for the other intangibles is recorded in operating expenses. Extreme excludes these expenses since they result from an intangible asset and for which the period expense does not impact the operations of the business and are non-cash in nature. Restructuring and related charges. Restructuring and related charges consist of severance costs for employees, asset disposal costs and other charges related to excess facilities that do not provide economic benefit to our future operations. Extreme excludes restructuring expenses since they result from events that occur outside of the ordinary course of continuing operations. System transition costs. System transition costs consist of costs related to direct and incremental costs incurred in connection with our multi-phase transition of our customer relationship management solution and our configure, price, quote solution. Extreme excludes these costs because we believe that these costs do not reflect future operating expenses and will be inconsistent in amount and frequency, making it difficult to contribute to a meaningful evaluation of our operating performance. Litigation charges. Litigation charges consist of estimated settlement and related legal expenses for a non-recurring pending litigation offset by any proceeds received or expected to be received from insurance. Debt refinancing charges. Debt refinancing charges consist of costs that were not capitalizable and are included in other income (expense), that occurred in conjunction with the amendment related to our outstanding credit facility. Tax effect of non-GAAP adjustments. We calculate our non-GAAP provision for income taxes in accordance with the SEC guidance on non-GAAP Financial Measures Compliance and Disclosure Interpretation. We have assumed our U.S. federal and state net operating losses would have been fully consumed by the historical non-GAAP financial adjustments, eliminating the need for a full valuation allowance against our U.S. deferred tax assets which, consequently, enables our use of research and development tax credits. The non-GAAP tax provision consists of current and deferred income tax expense commensurate with the non-GAAP measure of profitability using our blended U.S. statutory tax rate of 24.6%. The non-GAAP provision for income taxes has typically been and is currently higher than the GAAP provision given the Company has a valuation allowance against its US and a portion of its Irish deferred tax assets due to historical losses. Once these valuation allowances are released, the non-GAAP and the GAAP provision for income taxes will be more closely aligned. Over the next year, our cash taxes will be driven by US federal and state taxes and the tax expense of our foreign subsidiaries, which amounts have not historically been significant, with the exception of the Company's Canadian, German and Indian subsidiaries which perform research and development and sales and marketing activities for the Company, as well as the Company's Irish trading subsidiaries. View source version on CONTACT: For more information, contact: Investor Relations Stan Kovler 919/595-4196 [email protected] Media Contact Amy Aylward 603/952-5138 [email protected] KEYWORD: UNITED STATES NORTH AMERICA NORTH CAROLINA INDUSTRY KEYWORD: MOBILE/WIRELESS TECHNOLOGY CARRIERS AND SERVICES TELECOMMUNICATIONS SOFTWARE NETWORKS INTERNET HARDWARE DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: Extreme Networks, Inc. Copyright Business Wire 2025. PUB: 04/30/2025 07:05 AM/DISC: 04/30/2025 07:04 AM
