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Extreme Networks fiscal Q2 loss narrows YOY

Extreme Networks Inc. said its normalized net income for the fiscal second quarter ended Dec. 31, 2015, came to a loss of 1 cents per share, compared with the S&P Capital IQ consensus estimate of 9 cents per share.

The per-share loss decreased 74.5% year over year from 5 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.4 million, compared with a loss of $5.2 million in the year-earlier period.

The normalized profit margin climbed to negative 1.0% from negative 3.5% in the year-earlier period.

Total revenue decreased 5.4% year over year to $139.3 million from $147.2 million, and total operating expenses fell 9.0% year over year to $140.8 million from $154.8 million.

Reported net income came to a loss of $7.2 million, or a loss of 7 cents per share, compared to a loss of $12.8 million, or a loss of 13 cents per share, in the year-earlier period.