Extreme Networks(US:EXTR)2025-01-29 12:54Financial Performance - Total revenue for 2Q25 was $279.4 million[12], compared to $296.4 million in 2Q24[12] - Non-GAAP gross margin was 63.4%[10] in 2Q25, compared to 62.5%[12] in 2Q24 - Non-GAAP operating margin was 14.7%[10] in 2Q25, compared to 14.8%[12] in 2Q24 - Non-GAAP EPS was $0.21[10] in 2Q25, compared to $0.24[12] in 2Q24 - Free cash flow for 2Q25 was $16.1 million[10], compared to $28.6 million in 2Q24[31] Recurring Revenue and SaaS - Recurring revenue was $103 million[7] in 2Q25, up 2% year-over-year[7], representing 37%[10] of total revenue[10] - SaaS ARR was $181 million[10], up 14% year-over-year[10] - SaaS deferred revenue was $290 million[7], up 18% year-over-year[7] Balance Sheet - Cash and cash equivalents were $170.3 million[7] - Net debt was $14.7 million[10] Guidance - The company projects revenue between $276 million and $284 million for 3Q25[47] - The company projects revenue between $1,120 million and $1,138 million for FY25[51]