Extreme Networks(US:EXTR)2025-08-07 12:00Financial Performance Highlights - Total revenue for FY25 reached $1.14 billion[9], a sequential growth led by APAC and EMEA regions[7] - Non-GAAP Gross Profit for FY25 was $717 million[9], resulting in a Non-GAAP Gross Margin of 62.9%[9] - Non-GAAP Operating Margin for FY25 was 14.2%[9], with Non-GAAP EBITDA reaching $175 million[9] - Non-GAAP EPS for FY25 was $0.84[9] - The company's cash position grew to $232 million[7], with net cash reaching $52 million[7, 9] Recurring Revenue and SaaS Growth - Recurring revenue reached $109 million in 4Q25, up 8% sequentially and year-over-year[7] - SaaS ARR reached $208 million, up 24% year-over-year[7, 9] - Total deferred recurring revenue reached $606 million, up 9% year-over-year[7] - Recurring revenue accounted for 36% of total revenue[9] Bookings and Customer Acquisition - The company repurchased 1.5 million shares for $25 million[7] - The company acquired 168 large customers with over $1 million in bookings during the fiscal year[9] - Government and Education sectors contributed approximately 40% of the total bookings[12] Q1 2026 (1Q26) Financial Guidance - The company projects revenue between $292 million and $300 million[53] - The company projects Non-GAAP gross margin between 61.9% and 62.3%[53] - The company projects Non-GAAP operating margin between 12.7% and 14.5%[53] - The company projects Non-GAAP EPS between $0.20 and $0.23[53]