Extreme Networks Inc. (NASDAQ:EXTR) Q4 2020 Earnings Conference Call - Final Transcript

Aug 05, 2020 • 08:00 am ET


Extreme Networks Inc. (NASDAQ:EXTR) Q4 2020 Earnings Conference Call - Final Transcript


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Ladies and gentlemen, thank you for standing by and welcome to the Extreme Networks Q4 Fiscal Year '20 Financial Results Conference Call. [Operator instructions]

I would now like to hand the conference to our speaker today, Stan Kovler, Vice President of Corporate Strategy and Investor Relations. Thank you. Please go ahead, sir.

Stan Kovler

Thank you, Gigi, and welcome to the Extreme Networks fourth quarter fiscal and year-end 2020 earnings conference call. I'm Stan Kovler, Vice President of Corporate Strategy and Investor Relations. And with me today are Extreme Networks' President and CEO, Ed Meyercord; and CFO, Remi Thomas. We just distributed a press release and filed an 8-K detailing Extreme Networks' fiscal fourth quarter and year-end fiscal 2020 financial results.

For your convenience, a copy of the press release, which includes our GAAP to non-GAAP reconciliations and our financial results presentation are both available in the Investor Relations section of our website at extremenetworks.com. I would like to remind you that during today's call, our discussion may include forward-looking statements about Extreme Networks' future business, financial and operational results, growth expectations and strategies, the impact of COVID-19 pandemic, acquired technologies, products, operations, pricing, changes to our supply chain, the impact of tariffs, acquisition and integration of Aerohive networks and digital transformation initiatives.

We caution you not to put undue reliance on these forward-looking statements as they involve risks and uncertainties that can cause actual results to differ materially from those anticipated by these statements as described in our risk factors in our 10-K report for the period ending June 30, 2019, filed with the SEC and in our more recent 8-K and 10-Q filings. Any forward-looking statements made on this call reflect our analysis as of today and we have no plans or duty to update them, except as required by law.

Now, I will turn the call over to Extreme Networks' President and CEO, Ed Meyercord.

Ed Meyercord

Thank you, Stan. And thank you all for joining us this morning. First off, I also want to say thank you to our employees, customers and partners in the front line of COVID, who continue to face heightened risks in keeping our vital networking infrastructure up and running. It's been truly amazing to see how our customers teams across all our industry verticals, facing unprecedented challenges, are responding with creative and innovative solutions to deliver enterprise applications end users with secure and high-quality connections across new distributed networks.

Our Q4 results reflect the resilience of our business and our ability to move quickly to adapt to the new normal. Networking infrastructure remains vital for our customers, and demand remains strong. Now more than ever before, our brand promise of effortless networking is resonating with customers. Our universal hardware platforms from the wireless edge to the wired core, managed entirely from the cloud with machine learning insights and new AI tools to drive IT automation, allow us to make it very easy to deploy and manage distributed networks.

And networks are becoming more and more about