Extreme Networks Q2 Earnings Call Highlights

Extreme also highlighted growth in recurring revenue and cloud metrics. Subscription and support revenue was $120 million , up 12% year over year and up 3% sequentially. SaaS annual recurring revenue (ARR) grew 25% year over year to $227 million , which management attributed to Platform One subscriptions. Deferred revenue metrics increased as well, with SaaS deferred revenue rising to $334 million (up 15% year over year) and overall deferred recurring revenue reaching $628 million (up 9% year over year).Rho ...