Extreme Networks (EXTR) comments on the enterprise data networking market

| About: Extreme Networks, (EXTR)

All quotes are from the CCBN StreetEvents transcripts:

Revenue for the quarter was $95.1 million up 3% sequentially and up 9% year over year… $81 million in product revenue and $14 million in service revenue. Service revenue was up 6% sequentially and 31% compared to the year ago quarter…

Product revenue increased 3% sequentially and 6% year-over-year. Shipments of modular products represented 54% of sales and stackables represented 46%… slight shift toward stackable products from last quarter... split of enterprise sales and service provider sales was 75% to 25%.

… revenues in the U.S. were $40 .4 million up 5% sequentially and up 11% versus the first quarter a year ago… Revenues in Europe were $25.2 million, up 2% [sequentially]… and… 21% [yr/yr]… In Japan, revenues were $18.2 million, down 5%… and… 3% … Asia outside of Japan, revenues were up 14% sequentially…

For… the December quarter, our expectations are that the environment for networking vendors will improve modestly and provide a back-drop for revenue growth. We currently anticipate the revenues will grow 1to 5% sequentially from September to December. If achieved that would leave us with revenue growth in the range of approximately 15 to 20% … compared to… a year ago.