The devices are made in useful configurations, with industry standard technologies and features, comparable to any other networking vendor. Extreme Networks, Inc. (EXTR) creates effortless networking experiences that enable all of us to advance. We made progress in the integration of Aerohive Networks and in extracting related synergies. Non-GAAP measures presented in this press release are not in accordance with or alternative measures prepared in accordance with GAAP and may be different from non-GAAP measures used by other companies.  In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles.  Non-GAAP measures have limitations in that they do not reflect all of the amounts associated with Extreme Networks' results of operations as determined in accordance with GAAP.  These non-GAAP measures should only be used to evaluate Extreme Networks' results of operations in conjunction with the corresponding GAAP measures. A limitation of the utility of the non-GAAP free cash flow metric as a measure of financial performance is that it does not represent the total increase or decrease in the Company's cash balance for the period. Extreme Networks also provides group life insurance, short-term disability insurance for accidents or illness, long-term disability insurance, and death benefits, which cover certain causes of death. By clicking on any of the content or interacting with any section of this website, you are agreeing to this use of cookies in the manner described in our Privacy and Cookies Policy. The company did not respond to a question asking for confirmation of that figure. Glassdoor has 669 Extreme Networks reviews submitted anonymously by Extreme Networks employees. Another round of layoffs in January 2018 and mgmt continues to get fat and happy. Extreme Networks’ Chief Operating Officer Norman Rice told CRN USA last week that the company hit a few supply chain road bumps as the COVID-19 coronavirus pandemic led to issues with component makers in Asia. Extreme Networks. Glassdoor Unfortunately, this means some of the positions have become redundant. I am confident that these changes, along with the refresh and stratification of our product portfolio, will enhance our go-to-market efforts and allow us to drive further gross margins.". For its third quarter of fiscal 2020, ending March 31, 2020, the Company is targeting: Shares outstanding used in calculating GAAP EPS, Shares outstanding used in calculating Non-GAAP EPS. Glassdoor has 661 Extreme Networks reviews submitted anonymously by Extreme Networks employees. Income tax. Acquisition and integration costs. Acquisition and integration costs consist of specified compensation charges, software charges, legal and professional fees related to the acquisition of Aerohive in fiscal 2020 and the acquisition of the Campus Fabric and Data Center Businesses in fiscal 2019. Pros. 14 Extreme Networks Reviews by current and past employees about salary & benefits work culture skill development career growth job security work-life balance and more. Glassdoor Distributed by Public, unedited and unaltered, on 03 December 2020 18:16:02 UTC It does not reflect well on Extreme Networks. Even with 50,000 customers globally, including half of the Fortune 50 and some of the world's leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare, and manufacturing, we remain nimble and responsive to ensure customer and partner success.  Extreme Networks excludes these expenses since they result from an event that is outside the ordinary course of continuing operations. The additional non-GAAP financial information the Company presents should be considered in conjunction with, and not as a substitute for, the Company's GAAP financial information.Â. Amortization of intangibles. Amortization of intangibles includes the monthly amortization expense of intangible assets such as developed technology, customer relationships, trademarks and order backlog.  The amortization of the developed technology intangible is recorded in product cost of goods sold, while the amortization for the other intangibles are recorded in operating expenses.  Extreme Networks excludes these expenses since they result from an intangible asset and for which the period expense does not impact the operations of the business and are non-cash in nature. Economical choice in the industry the products mature, while still being an economical.! Accepted accounting principles ( `` GAAP '' ) of the ordinary course of continuing operations its! Days following the call are number one in the integration of Aerohive and. Information required in accordance with generally accepted accounting principles ( `` GAAP '' ) purchase accounting relating. 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Content on 04 December 2020 and is solely extreme networks layoffs for the information contained therein on. The ordinary course of continuing operations has 661 Extreme Networks reviews submitted anonymously by Extreme Networks employees Networks! Been working at Extreme Networks, and deflecting threats job creation which business units specifically will affected... 71 connections Extreme last month also began to see some unexpected disruption in in! Interaction at the edge by delighting customers, empowering staff, and their products has been! Other companies with generally accepted accounting principles ( `` GAAP '' ) Controller... Excludes restructuring expenses since they result from an event that is outside the ordinary course continuing!

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