Extreme Networks CFO retires, shares fall

Extreme Networks

25/01/2023 19:46

** Shares of network equipment company Extreme Networks Inc
 EXTR.O  down 17.2% at $15.99
    ** Co's CFO, Rémi Thomas, steps down to pursue another
opportunity at a privately held software company 
    ** Co appoints Cristina Tate, head of financial planning &
analysis, as interim CFO  urn:newsml:reuters.com:*:nBw3RP08Ha
    ** Thomas to remain with co until Feb. 16
    ** Co initiates search for a permanent successor to Thomas
    ** Additionally, co posts a better-than-expected qtrly
profit of 27 cents per share on revenue of $318.3 mln, above
analysts' estimates of profit of 26 cents on revenue of $313.9
mln, according to Refinitiv data 
    ** Company also raises FY 2023 revenue growth outlook
    ** EXTR rose 16.6% in 2022
 (Reporting by Anandita Mehrotra in Bengaluru)
 ((Anandita.Mehrotra@thomsonreuters.com))