Extreme Networks, Inc. reported its financial results for the second quarter of fiscal year 2025, showing continued revenue growth for the third consecutive quarter. Revenue for the quarter was $279.4 million, representing a 3.8% increase from the previous quarter but a 5.7% decline year-over-year. The company’s Software-as-a-Service annual recurring revenue reached $181.1 million, up 14.4% from the previous year.

GAAP diluted earnings per share were $0.06, up from a loss of $0.08 in the prior quarter. Non-GAAP diluted earnings per share came in at $0.21, compared to $0.17 in the previous quarter. The company’s gross margin improved slightly to 62.7% on a GAAP basis and 63.4% on a non-GAAP basis.

Extreme Networks highlighted the launch of its Extreme Platform ONE, which integrates networking, security, and AI into a single interface designed to enhance automation and efficiency. The company also reported strong market adoption, including deployments with the Pittsburgh Steelers, NHL teams, Philadelphia International Airport, and various enterprises in healthcare, legal, and municipal sectors.

Looking ahead, Extreme expects revenue in the third quarter to range between $276 million and $284 million, with non-GAAP earnings per share projected between $0.16 and $0.20. The company anticipates full-year fiscal 2025 revenue between $1.12 billion and $1.138 billion.

Extreme’s CEO, Ed Meyercord, emphasized that improvements in competitive positioning, cloud networking, and enterprise adoption are creating growth opportunities. CFO Kevin Rhodes noted that the company expects continued revenue growth and better operating margins for the remainder of the fiscal year.

The company will host a conference call to discuss its results and business outlook, with details available on its investor relations website.