Extreme Networks Inc. reported unaudited consolidated earnings results for the first quarter ended September 27, 2009. For the quarter, net revenue was $66.3 million compared to $89.5 million in the fiscal first quarter of 2009. Non-GAAP net loss was $4.9 million or a loss of $0.05 per diluted share compared to non-GAAP net income of $2.0 million or $0.02 per diluted share in the year-ago quarter. Net loss on a GAAP basis was $5.5 million or $0.06 per diluted share compared to net income of $1.6 million or $0.01 per diluted share in the year-ago fiscal first quarter. The company reported operating loss of $5.17 million, loss before income taxes of $5.04 million, net cash provided by operating activities of $4.13 million and capital expenditures of $1.23 million compared to operating income of $0.53 million, income before income taxes of $2.45 million, net cash provided by operating activities of $20.58 million and capital expenditures of $2.51 million for the same period a year ago.

Extreme Networks Inc. expected to Report Q2 2010 Results on January 29, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).

Extreme Networks Inc. provided earnings guidance for the second quarter of fiscal 2010. The company said that total revenue for second quarter will range between $76 million and $78 million. This range anticipates some impact on revenue as the company normalize supply chain deliveries throughout the quarter. Cash flow for the quarter is projected to be negative and will include the impact of the severance costs paid in the period. The company projects that the gross margins will be between 55.5% to 56.5%.