Extreme Networks Q3 Earnings Call Highlights
Extreme highlighted continued progress shifting toward recurring revenue. Rhodes said SaaS annual recurring revenue (ARR) climbed to $236 million , up 29% year-over-year, which he attributed to “strong Platform ONE attach to new product sales and upsells within our existing customer base.” Subscription and support revenue totaled $114 million , up 13% year-over-year and representing 36% of revenue.Extreme’s non-GAAP gross margin was 62.3% , up 30 basis points sequentially and above guidance. Rhodes said pro ...