Extreme Networks Inc. (NASDAQ:EXTR) Q3 2018 Earnings Conference Call - Preliminary Transcript

May 08, 2018 • 04:30 pm ET

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Extreme Networks Inc. (NASDAQ:EXTR) Q3 2018 Earnings Conference Call - Preliminary Transcript

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Presentation
Operator
Operator

Good day, ladies and gentlemen and welcome to the Extreme Networks Q3 FY18 Financial Results Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference maybe recorded. I would now like to introduce your host for today's conference, Stan Kovler, Senior Director of Investor Relations and Finance. Sir, you may begin.

Executive
Stan Kovler

Thank you, Amani, and welcome to the Extreme Networks third quarter fiscal 2018 earnings conference call. This conference call is being broadcast live over the Internet and is being recorded on behalf of the company. The recording will be posted on Extreme Network's website for replay shortly after the conclusion of the call. By now you've had a chance to review the company's earnings press release.

I would like to remind you that during today's call, management will be making forward-looking statements within the meaning of the safe harbor provision of federal securities laws. These forward-looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated by these statements. These risks includes possible adjustments in tax calculations arising from further assessment of the impact of the recent changes to US tax laws, and our ability to successfully integrate the acquired assets, technologies and operations from Avaya and Brocade into our business and operations, including, but not limited to the following risks.

Difficulties we may experience in the retention, assimilation and successful integration of employees and teams, sales functions, acquired operations, technologies and/or products; unanticipated costs, litigation or other contingent liabilities associated with the acquisitions that could negatively impact our operating results and financial condition; adverse effects on existing business relationships with suppliers and customers; and difficulties we may experience in reaching our aspirational goals related to these acquisitions.

For a detailed description of risks and uncertainties, please refer to our most recent reports on Form 10-K, 10-Q and 8-K filed with the SEC. You should not place undue reliance on forward-looking statements, which speak only as of today. We undertake no obligation to update these statements after this call. Throughout this call, we may reference both GAAP and non-GAAP financial metrics.

Non-GAAP information should be considered a supplement to, and not a substitute for, financial statements prepared in advance in accordance with GAAP. Reconciliation of non-GAAP to the corresponding GAAP measures can be found in our earnings press release issued today. For your convenience, a copy of the release and supporting financial materials are available on the Investor Relations section of the company's website at extremenetworks.com.

Now I will turn the call over to Extreme's President and CEO, Ed Meyercord, for his opening comments.

Executive
Ed Meyercord

Thank you, Stan, and thank you all for joining us this afternoon. Welcome to Extreme's Q3 earnings call. Today we announced Q3 results highlighted by 76% growth in total revenue year-over-year. A few key successes; first, we were pleased with our fourth consecutive quarter