Extreme Networks, Inc. · NASDAQ:EXTR
Extreme Networks — Q1 2027 Earnings Presentation
66 slides from Extreme Networks's earnings presentation, Oct 28, 2026
Slide 1: Extreme Networks Corporate & Financial Overview
Extreme Networks Corporate & Financial Overview ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 1
Slide 2: Disclaimer
Disclaimer Non - GAAP Financial Measures Forward - Looking Statements This presentation includes certain financial measures that are not presented in accordance with This presentation contains forward - looking statements including generally accepted accounting principles in the United States (“GAAP
Slide 3: Extreme Networks at a Glance
Extreme Networks at a Glance Enterprise Global Customer Innovation & Partner Scale Reach Ecosystem Tens $1.3B of Thousands Customers Worldwide 1,000+ Patents FY26 Revenue, + 13% 2,800+ 80+ Countries 13th Consecutive 5 - Star Employees CRN Partner Program Rank 1996 Founded in Silicon Valley, CA 9.5 1
Slide 4: Trusted by the World's Most Demanding Networks
Trusted by the World’s Most Demanding Networks L argest S tock Shaping the Leading Exchange in Skyline Hospitals the World DUBAI WORLD TRADE NHS, CHARITE, HABIB NYSE CENTER, BURJ KHALIFA MEDICAL, ZOL Smart Cities Transportation Manufacturers BERLIN TRANSIT, NJ SKODA, VW, JOHN DEERE, BORAS STAD, SWED
Slide 5: Winning Upmarket Across Verticals
Winning Upmarket Across Verticals Government Education Healthcare Manufacturing Retail Sports & Venues Transportation ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 5
Slide 6: Extreme is Set up for Success
Extreme is Set up for Success Strengthening Quality Technology Favorable Attractive Winning Industry of Execution: Differentiation Competitive Financial Upmarket Fundamentals Taking Share and Innovation Landscape Outlook ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 6
Slide 7: Financial Success Factors
Financial Success Factors $1.38 - 1.40B $644M $237M Revenue Forecast FY27 Deferred Recurring Annualized EBITDA Revenue $244M 36% 28% 18% YoY Growth in SaaS ARR Recurring Revenue % FY26 YoY Non - GAAP EPS Growth in 4Q26 ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 7
Slide 8: Strengthening Industry Fundamentals
Strengthening Industry Fundamentals Leader in AI - Powered WLAN Technology Adoption Networking 100% Wi- Fi 7 Share of Indoor AP Shipments (%) Wi- Fi 6 Growth Across 50% All GE0s/Verticals Wi- Fi 5 W2 Wi- Fi 6E Network 0% Refresh Cycle Year of New Technology Introduction Source: Dell’Oro Group WLAN F
Slide 9: Leading In Enterprise Networking
Leading In Enterprise Networking ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 9
Slide 10: Driving Extreme Innovation in Networking
Driving Extreme Innovation in Networking AI - Powered Secure Connectivity Networking Cloud First to deliver Platform Networking Universal ZTNA Leading innovator of cloud managed Universal enterprise networking. Acquired Aerohive, the pioneer of cloud Hardware networking Reduced risk, First to offer
Slide 11: Platformization: The Value to the Company
Platformization : The Value to the Company Improved customer Gross margin lifetime value Scalable expansion through through platform innovation through Stronger recurring software mix shift stickiness shared data and a Larger share of wallet revenue base and unified AI engine through a unified highe
Slide 12: An Integrated Portfolio That Drives Value
An Integrated Portfolio That Drives Value Extreme Platform ONE for AI - Powered Networking Extreme Fabric over Wired, Wireless, and SD - WAN Network Automation Branch Campus Data Center IoT IoT ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 12
Slide 13: Extreme Fabric – The Only Fabric Built for Enterprises
Extreme Fabric – The Only Fabric Built for Enterprises • Enterprise wide reach – Data centers, campus and branch CAMPUS BRANCH • 90% less operational complexity STEALTH CORE • 10K+ deployments across all GEOs DATA CENTER and all verticals ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 13
Slide 14: The King of Complex Wi-Fi
“The King of Complex Wi - Fi” Broadest WiFi6E & WiFi7 portfolio: Entry, Mid - Tier, Premium Tier, indoor to outdoor AI - Powered Optimization and Troubleshooting Architecture Agnostic 100+ Venues across the world 5G-LTE and Wi-Fi Carrier Offload ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 14
Slide 15: Fabric-Ready Cloud Wired, Wireless, and SD-WAN
Fabric - Ready Cloud Wired, Wireless, and SD - WAN Simpler, More Secure, Always - on Experiences with Less Complexity, Greater Reliability, and Lower TCO Extreme Fabric: network automation and security that just works Extreme's most agile, No switching solution does The only SD - WAN that secure, an
Slide 16: Inclusive Subscription Program Makes Extreme Platform ONE Easy to Buy
Inclusive Subscription Program Makes Extreme Platform ONE Easy to Buy, Renew, and Grow Inventory AI, Networking, Fabric, Lifecycle Support loT Management and More Complex, fragmented Networking licensing Analytics Technical / Operating System AI ZTNA Support NAC The standard bill of materials ©2026
Slide 17: Extreme Agent ONE
Extreme Agent ONE AI that moves network operations from reactive to proactive Find issues Get from AI works with before users question to your team, not feel them resolution faster around it Always - on intelligence Conversational access Transparent surfaces network to network data, recommendations
Slide 18: What Are Customers Saying?
What Are Customers Saying? ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 18
Slide 19: Uninterrupted Operations Where It Matters Most
Uninterrupted Operations Where It Matters Most Extreme Reliability Has been able to deliver 11 years and counting of uninterrupted patient care. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 19 RESERVED.
Slide 20: Reduce Travel Chaos
Reduce Travel Chaos Extreme Resilience Has experienced z ero unplanned outages even during record travel surges. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 20 RESERVED.
Slide 21: Enhances Shopping Experiences
Enhances Shopping Experiences Extreme Scale Implemented the world's largest cloud - managed network at 110,000+ APs , upgraded to Extreme to improve in - store experience. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 21 RESERVED.
Slide 22: Scaling Events with Precision
Scaling Events with Precision Extreme Automation Supports 500+ events with up to 3,300 isolated network segments for up to 6,000 exhibitors and 180,000 guests at one time. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 22 RESERVED.
Slide 23: Reduce Change Cycles
Reduce Change Cycles Extreme Value Cut time spent on upgrades and network changes by 80%. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 23 RESERVED.
Slide 24: Streamline Infrastructure
Streamline Infrastructure Extreme Simplicity Consolidated their network infrastructure from 210 to just 36 devices. ©2026 EXTREME ©2026 EXTREME NETWORKS, NETWORKS, INC. ALL RIGHTSINC. ALL RIGHTS RESERVED. 24 RESERVED.
Slide 25: Strategic Opportunities
Strategic Opportunities ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 25
Slide 26: Extreme Is Well-Positioned in Cloud-Managed Campus Networking
Extreme Is Well - Positioned in Cloud - Managed Campus Networking Cloud - Managed Campus Networking Subscription TAM Top 3 Cloud - Managed Services Vendor $4 B 10% Cloud - Managed $2 B Services Share Outpacing Market SaaS ARR Growth $0 B 2025 2026 2027 2028 2029 2030 Source: 650 Group, Unified Acces
Slide 27: The Next Opportunity: AI Networking for Campus
The Next Opportunity: AI Networking for Campus Campus Networking TAM (Wired & Wireless) $42B 60 % $31B AI Networking for Campus Market CAGR 2025 2026 2027 2028 2029 2030 AI Non-AI Source: 650 Group, AI Networking (Campus) Q1 2026 reports CAGR is CY25 - CY30 ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RE
Slide 28: Flexible Commercial Models
Flexible Commercial Models High Upfront Cost ▪ CAPEX weighted / enables MRR ▪ CAPEX weighted / lower ARR ▪ Partner Managed (MSP) ▪ Customer self - managed ▪ Partners owns SW title / Cust HW ▪ Customer owns HW/SW title ▪ MSP VAR sourced ▪ Traditional VAR sourced MSP Traditional Hybrid CAPEX Low Custo
Slide 29: Market Opportunity in Regulated Industries
Market Opportunity in Regulated Industries Public Sector & Highly Regulated Industries Sovereign Cloud opportunity Certified Campus Fabric Product Portfolio and regulated industries • Customers require private cloud and AI with certified • Japanese Government – Campus Fabric and Sovereign Cloud solu
Slide 30: SaaS ARR
SaaS ARR (IN $M EXCEPT PERCENTAGES) SaaS ARR 1 $260 $244 $240 $236 $227 $220 $216 $208 $200 $181 $184 $180 $174 $160 $140 YoY Growth 23% 14% 13% 24% 24% 25% 29% 18% $120 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1S ee Appendices for definitions of metrics & KPIs. ©2026 EXTREME NETWORKS, INC. ALL RIGHT
Slide 31: Recurring Revenue
Recurring Revenue (IN $M EXCEPT PERCENTAGES) Recurring Revenue 1 $116 $115 $115 $114 75% $111 $110 $109 65% $105 $103 $103 55% $101 $100 45% 38% 37% 35% 36% 36% 36% 36% 34% $95 35% $90 25% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 Recurring Revenue as % of Total Revenue 1S ee Appendices for definition
Slide 32: Deferred Recurring Revenue
Deferred Recurring Revenue (IN $M EXCEPT PERCENTAGES) Deferred Recurring Revenue 1 $650 $644 70% $628 $630 $618 $606 65% $600 $575 $578 $562 57% 60% $550 53% 54% 53% 55% 50% 50% 51% $500 49% 50% $450 45% $400 40% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 Deferred Recurring Revenue SaaS Deferred Revenu
Slide 33: 4Q26 Financial Results
4Q26 Financial Results ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 33
Slide 34: 4Q26 Results Summary
4Q26 Results Summary • Total Revenue Growth of 10% YoY Bookings and • Americas Revenue up 35% YoY and 36% QoQ Revenue Trends • Recurring Revenue 2 of $116M up 6% YoY Cloud SaaS • SaaS ARR 2 of $244M, Up 18% YoY Subscriptions and • Extreme Platform ONE Ahead of Expectations at Roughly Half of Subscri
Slide 35: FY26 Highlights
FY26 Highlights Total Revenue Non - GAAP Gross Profit 1 Non - GAAP EPS 1 Adjusted EBITDA 1 $1,284M $797M $1.06 $210M Up 13% YoY Up 26% YoY $244M 62.1% 14.8% 16.3% Non - GAAP Gross Margin 1% 1% 1 SaaS ARR 2 Non - GAAP Operating Margin Adjusted EBITDA Margin 18% 187 74 SaaS ARR 2 36% Customers with $1
Slide 36: Major Vertical Bookings Contribution In FY26
Major Vertical Bookings Contribution In FY26 Relative Bookings Strength in Manufacturing, Healthcare, Retail, and Sports & Entertainment Government & Education Manufacturing Healthcare ~40% ~15% ~10% Hospitality, Sports & Retail & Transportation Service Provider Entertainment ~10% ~10% ~5% ©2026 EXT
Slide 37: Financial Highlights
Financial Highlights (IN $M EXCEPT PERCENTAGES AND EPS) GAAP Non - GAAP 1 4Q25 3Q26 4Q26 FY25 FY26 4Q25 3Q26 4Q26 FY25 FY26 Product Revenue $191.9 $199.4 $218.5 $704.5 $809.6 $191.9 $199.4 $218.5 $704.5 $809.6 Subscription & Support Revenue $115.1 $117.5 $120.1 $435.6 $474.0 $115.1 $117.5 $120.1 $43
Slide 38: Quarterly Revenue Results
Quarterly Revenue Results (IN $M EXCEPT PERCENTAGES) Total Revenue $339 $307 $310 $318 $317 $279 $285 $269 35% 37% 37% 38% 37% 38% 37% 40% 62% 63% 65% 62% 63% 63% 63% 60% 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1 Product Revenue Subscription & Support Revenue 1See Appendices fo r definitions of metr
Slide 39: Quarterly Gross Profit And Margin
Quarterly Gross Profit And Margin (IN $M EXCEPT PERCENTAGES) Gross Profit - GAAP Gross Profit - Non - GAAP 1 $250 70.0%$250 70.0% $211 $212 $195 $196 68.0% $191 $197 $197 68.0% $200 $189 $188 $200 $190 $175 $175 $171 $177 $177 $170 66.0% 66.0% $150 $150 63.7% 63.4% 64.0% 64.0% 63.0% 62.7% 62.7% $100
Slide 40: Quarterly Operating Expense And Margin
Quarterly Operating Expense And Margin (IN $M EXCEPT PERCENTAGES) Operating Expenses - GAAP Operating Expenses – Non - GAAP 1 $250 50.0% $200 24.0% 40.0% $180 $191 $159 $200 $182 $189 $149 $149 $149 $174 $177 $178 30.0% $160 $144 $165 $138 $136 $137 $162 $140 19.0% 20.0% 15.7% $150 4.5% 5.5% 6.2% $1
Slide 41: Quarterly EPS
Quarterly EPS EPS - GAAP EPS – Non - GAAP 1 $0.40 $0.32 $0.30 $0.26 $0.26 $0.25 $0.21 $0.21 $0.22 $0.20 $0.17 $0.13 $0.08 $0.10 $0.06 $0.06 $0.03 $0.04 $- $(0.06) $(0.10) $(0.08) $(0.20) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 3Q26 4Q26 1See Appendices for GAAP to Non -
Slide 42: FY26 Revenue By Geography
FY26 Revenue By Geography (IN $M EXCEPT PERCENTAGES) AMERICAS EMEA APAC $626M $534M $124M 49% of Revenue 42% of Revenue 9% of Revenue Note: t he total of revenues in each geography may not equal total revenue due to rounding. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 42
Slide 43: Financial Highlights – Balance Sheet
Financial Highlights – Balance Sheet (IN $M) Balance Sheet Highlights 4Q25 3Q26 4Q26 Cash and Cash Equivalents $231.7 $210.1 $211.8 Accounts Receivable $126.7 $162.7 $164.6 Inventories $102.6 $76.6 $70.0 Accounts Payable $63.9 $81.2 $89.4 1 Gross Debt $180.0 $198.8 $165.0 1 Net Cash $51.7 $11.3 $46.
Slide 44: Free Cash Flow
Free Cash Flow (IN $M) 4Q25 3Q26 4Q26 FY25 FY26 Operating Cash Flow $81.9 $14.2 $72.9 $152.0 $123.2 PP&E Capital Expenditures (6.6) (6.4) (7.6) (24.7) (27.9) Free Cash Flow $75.3 $7.8 $65.3 $127.3 $95.3 Share Repurchases $25.0 $50.0 $25.0 $38.0 $87.0 Free Cash Flow $75 $65 $43 $12 $16 $24 $8 ($21) 1
Slide 45: Growth Outlook
Growth Outlook ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 45
Slide 46: Flexible Commercial Models To Meet Customer Needs
Flexible Commercial Models To Meet Customer Needs Multiple Commercial Offers to Meet Customer Needs Focused on ARR Growth Managed Service Provider (MSP) 61 MSP Partners with Bookings Up 2x YoY For outsourced IT, with consumption billing Extreme Subscription Private Offer (ESPO) Unique Industry Offer
Slide 47: Revenue Growth Targets
Share Gains and Subscription Revenue Support Double Digit Revenue Growth Double Digit Revenue CAGR Revenue Growth Targets Subscription Product and Support 7- 9% 12- 14% Overall 10%+ FY25A FY26A FY27E FY28E FY29E 1Targets reflect November 2025 Investor Day. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RES
Slide 48: Financial Impact of Platformization
Financial Impact of Platformization Subscription & Support Separate Extreme Platform ONE Subscription + Support Combined 65 - 70% Subscription Attach Rate 95%+ Platform Attach Rate 90 - 95% Subscription Renewal Rate + 10- 15% ACV Uplift 65 - 70% Support Attach Rate 95%+ Renewal Rate 70 - 75% Support
Slide 49: Subscription ARR Growth Driven By Extreme Platform ONE
Subscription ARR Growth Driven By Extreme Platform ONE Target of $650M By FY29 $650M+ Extreme Platform ONE ExtremeCloud IQ $208M FY25A FY26A FY27E FY28E FY29E 1Targets reflect November 2025 Investor Day. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 49
Slide 50: Subscription Revenue to Exceed 80% of Recurring Revenue By FY29
Subscription Revenue to Exceed 80% of Recurring Revenue By FY29 $650M+ $412M FY25A FY26A FY27E FY28E FY29E Subscription Support 1Targets reflect November 2025 Investor Day. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 50
Slide 51: Recurring Revenue to Continue to Rise
Recurring Revenue to Continue to Rise 41% Recurring revenue 39% expands from 36% of total revenue in FY25 to 37% 41% in FY29 36% 35% FY25A FY26A FY27E FY28E FY29E Recurring Revenue as % of Total Revenue 1Targets reflect November 2025 Investor Day. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 51
Slide 52: Generating Strong Free Cash Flow and EBITDA
Generating Strong Free Cash Flow and EBITDA 25% 25% 20% 20% 15% 15% 10% 10% 5% 5% 0% 0% FY25A FY26A FY27E FY28E FY29E FY25A FY26A FY27E FY28E FY29E Free Cash Flow FCF Margin Non GAAP EBITDA EBITDA % Margin 1S ee Appendices for definitions of metrics & KPIs. FCF Margin = Free Cash Flow / Revenue Targ
Slide 53: Strong Outlook For Operating Leverage
Strong Outlook For Operating Leverage P&L LINE COMMENTARY LONG - TERM TARGET • Supply chain cost improvements Gross Margin • Mix shift to higher margin subscription business 64 – 66 % Research and • R&D investments in new AI - related products and Development solutions 15 – 17% Sales and • Expanding
Slide 54: 1Q27 and FY27 Financial Guidance
1Q27 and FY27 Financial Guidance ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 54
Slide 55: 1Q27 Guidance
1Q27 Guidance (IN $M EXCEPT PERCENTAGES AND EPS) GAAP Non - GAAP 1 1Q27 1Q27 Revenue $334 - $339 $334 - $339 Gross Margin % 61.6% - 62.1% 62.2% - 62.7% Operating Margin % 1.6% - 2.4% 14.7% - 15.3% EPS $0.00 - $0.02 $0.27 - $0.29 1See Appendices for GAAP to Non - GAAP reconciliation . ©2026 EXTREME N
Slide 56: FY27 Guidance
FY27 Guidance (IN $M EXCEPT PERCENTAGES AND EPS) GAAP Non - GAAP 1 FY27 FY27 Revenue $1,380 - $1,400 $1,380 - $1,400 Gross Margin % 61.6% - 62.1% 62.2% - 62.7% Operating Margin % 8.4% - 8.9% 16.7% - 17.1% EPS $0.68 - $0.74 $1.28 - $1.33 1See Appendices for GAAP to Non - GAAP reconciliation . ©2026 E
Slide 57: Appendices
APPENDICES GAAP to Non - GAAP Reconciliations and Operating Metrics Note: The totals for some periods may not foot due to rounding. Please see press release for full reconciliation. ©2026 EXTREME NETWORKS, INC. ALL RIGHTS RESERVED. 57
Slide 58: GAAP To Non-GAAP Reconciliations – Gross Margin
GAAP To Non - GAAP Reconciliations – Gross Margin (IN $M EXCEPT PERCENTAGES) 4Q25 3Q26 4Q26 FY25 FY26 Product Revenue $191.9 $199.4 $218.5 $704.5 $809.6 Subscription & Support Revenue 115.1 117.5 120.1 435.6 474.0 Total Revenue - GAAP $307.0 $316.9 $338.6 $1,140.1 $1,283.6 Gross Margin - GAAP 189.1
Slide 59: GAAP To Non-GAAP Reconciliations – Operating Income (Loss)
GAAP To Non - GAAP Reconciliations – Operating Income (Loss) (IN $M EXCEPT PERCENTAGES) 4Q25 3Q26 4Q26 FY25 FY26 Operating Income (Loss) - GAAP ($1.4) $17.3 $21.1 $17.0 $62.7 Operating Margin - GAAP (0.4%) 5.5% 6.2% 1.5% 4.9% Amortization of Intangibles 1.1 0.7 0.8 4.4 3.3 Share - Based Compensation
Slide 60: GAAP To Non-GAAP Reconciliations – Net Income (Loss)
GAAP To Non - GAAP Reconciliations – Net Income (Loss) (IN $M EXCEPT EPS) 4Q25 3Q26 4Q26 FY25 FY26 Net Income (Loss) - GAAP ($7.8) $10.6 $18.0 ($7.5) $42.1 Amortization of Intangibles 1.1 0.7 0.8 4.4 3.3 Share - Based Compensation, Total 20.7 21.8 21.8 82.3 88.3 Restructuring and Related Charges (Be
Slide 61: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (IN $M) 4Q25 3Q26 4Q26 FY25 FY26 Net Income (Loss) - GAAP ($7.8) $10.6 $18.0 ($7.5) $42.1 Depreciation 3.5 3.8 4.0 14.8 15.7 Amortization of Intangibles 1.1 2.6 3.2 4.4 8.5 Share - Based Compensation 20.7 21.8 21.8 82.3 88.3 Restructuring and Related Charges (Benefit)
Slide 62: GAAP To Non-GAAP Reconciliations – 1Q27 Guidance
GAAP To Non - GAAP Reconciliations – 1Q27 Guidance Gross Margin Operating Margin Earnings Rate Rate per Share GAAP 61.6% - 62.1% 1.6% - 2.4% $0.00 - $0.02 Estimated Adjustments for: Share - Based Compensation 0.5% 7.4% - 7.5% 0.19 Amortization of Intangibles 0.1% 0.1% 0.00 Restructuring and Related
Slide 63: GAAP To Non-GAAP Reconciliations – FY27 Guidance
GAAP To Non - GAAP Reconciliations – FY27 Guidance Gross Margin Operating Margin Earnings Rate Rate per Share GAAP 61.6% - 62.1% 8.4% - 8.9% $0.68 - $0.74 Estimated Adjustments for: Share - Based Compensation 0.5% 7.6% - 7.7% 0.79 Amortization of Intangibles 0.1% 0.1% 0.01 Restructuring and Related
Slide 64: Definitions
Definitions SaaS ARR (SaaS Annual Recurring Revenue) SaaS ARR is an operating metric used by management to measure the annualized value of customer arrangements for our software sol utions, which are delivered via cloud - based subscription (such as Extreme Platform ONE, generally available July 202
Slide 65: Definitions (Continued)
Definitions (Continued) Gross Debt Long - term and current portion of long - term debt as shown on the balance sheet plus unamortized debt issuance costs, if any. Net Cash Cash and Cash Equivalents minus Gross Debt. Free Cash Flow A measure of operating performance representing GAAP net cash provide
Slide 66: Extreme Networks
f= Extreme networks