Despite problems getting parts and a gigantic backlog of orders to fill, Extreme Networks landed a record-setting first-quarter FY23 of nearly $300 million, up 11% year-over-year, and 7% quarter-over-quarter.
The backlog CEO Ed Meyercord referred to during the company’s quarterly earnings call this week sits at $555 million, also a record. To put it in perspective, that’s nearly three full quarters of product revenue in backlog, mostly due to supply-chain issues. Concerns about the economy are also in the mix, but Meyercord said that when it comes to investing in networks, things look bright.
