Extreme Networks Reports Second Quarter Fiscal Year 2024 Financial Results
Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second quarter ended December 31, 2023.
- Extreme Networks, Inc. (“Extreme”) (Nasdaq: EXTR) today released financial results for its second quarter ended December 31, 2023.
- As a result, our distributors and partners have lowered inventory purchases, which we expect to accelerate in the third quarter.
- Kevin Rhodes, Executive Vice President and Chief Financial Officer, stated, "Despite lower revenue in the second quarter, we improved our gross margins and optimized our operating expenses to maintain a healthy operating margin profile during the quarter.
- In the third quarter, we expect higher sell-through than sell-in, which will have a more significant impact on our operating results.