* Extreme Networks reports revenue down 14% from last year
Extreme Networks recently announced net revenue for its first fiscal quarter, at $83.8 million, down 14% from $97.9 million in the same quarter a year ago.
Particularly striking was Extreme’s drop in the United States, where revenue fell from $45.1 million to $34.2 million, a drop of 24%. Most of Extreme’s revenue comes from outside the country.
To help boost its efforts here, Extreme says it has revamped its channel program in North America. The company says its new program “provides increased marketing development opportunities, including promotional and educational funding for events/seminars as well as region-specific activities that further promote the partner’s ability to deliver well-integrated network solutions.”
Overall revenue was up slightly from revenue in the fourth quarter of fiscal 2006, which was at $82.4 million. Over the past year, Extreme has repurchased 10.2 million shares of its stock for $44.9 million.
Last week I relayed Foundry Networks’ revenue for its most recent quarter, which was at $118.8 million. Both companies are reviewing how they account for stock option grants, so earnings results were not available for either company.
Despite the decline in revenue, Extreme was able to point to several interesting wins, including the Boston Red Sox, which are using Extreme gear for a wireless LAN in Fenway Park and other facilities; Reconnex, which integrated its content-monitoring platform with Extreme’s switches; and Interop, which used Extreme gear for its show network once again.
