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September 12, 2012
SANTA CLARA, Calif., Sept. 12 -- Extreme Networks, Inc. today announced continued momentum in the high performance network market having increased its 10 Gigabit Ethernet (GbE) switch port shipments by 133% year over year (FY'11/'12) according to market share reports published by the Dell'Oro Group. In addition, revenue for Extreme Networks 10GbE modular and fixed switches grew at nearly twice the industry rate as published in Dell'Oro Group's Q2 2012 Ethernet Quarterly Report.
In the year-over-year comparison ending June 2012, Extreme Networks achieved a 50% revenue growth rate in high performance 10 GbE switch market. Demand for cloud and data center networking is on the rise, and according to the Dell'Oro Group's Ethernet Switch Five-Year Forecast announced this month, revenue from 10GbE switch sales will be the most impactful part of the overall Ethernet switch revenue by 2015.
"Our momentum with 10GbE switch revenue for customers building virtualized data centers, Internet Exchanges and HPC infrastructure positions us well to accelerate our share in key markets," said David Ginsburg, chief marketing officer for Extreme Networks. "These results demonstrate that customers are taking notice of our best-in-class products."
Extreme Networks has more than 6,000 customers worldwide, including 19 of the top 20 mobile operators through our mobility partners. Extreme Networks also has more than 700 data center customers globally, including Abbot, Johns Hopkins University, Korea Telecom, Microsoft, Samsung, SingTel, and VMware.
About Extreme Networks
Extreme Networks is a technology leader in high-performance Ethernet switching for cloud, data center and mobile networks. Based in Santa Clara, CA, Extreme Networks has more than 6,000 customers in more than 50 countries. For more information, visit the company's website at http://www.extremenetworks.com.
Extreme Networks and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States and/or other countries. All other names are the property of their respective owners.
Except for the historical information contained herein, the matters set forth in this press release, including without limitation statements as to expected revenue growth and future product demand are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements speak only as of the date. Because such statements deal with future events, they are subject to risks and uncertainties, including network design and actual results of use of the product in different environments. We undertake no obligation to update the forward-looking information in this release. Other important factors which could cause actual results to differ materially are contained in the Company's 10-Qs and 10-Ks which are on file with the Securities and Exchange Commission (http://www.sec.gov).
Extreme Networks is either a registered trademark or trademark of Extreme Networks, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.
Source: Extreme Networks, Inc.
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