Extreme Networks, Inc. (NASDAQ:EXTR) Q4 2023 Earnings Call Transcript

And so what we’re providing will be by far the industry’s most simplest platform for delivering this and we see a massive growth opportunity here. Its early innings, we’re not calling a forecast there, but that is clearly a growth vector. We’re also branching out into new large more – it’s more of a service provider type relationship with large customers that have potential to spend a significant volumes relative to our traditional partner base. And we’re creating a very a private offer that will be very compelling, that we believe will be an opportunity for us to take share. And it provides significant value to these large players relative to the current arrangements they currently have with some of the largest players in the industry.

So there is share shift. We have some big ideas about being disruptive and share shift there. The final thing I’ll mention is our federal investment. We have been under invested in federal. Our investment now is really proving to be timely with some of the large opportunities that we have. And so with the certs [ph] that we’re investing in, it will truly open up other investments. There’s also the convergence of networking with cloud and security. We bring a lot of security elements. If you look at technology that we have that’s very mature. We’ll also be introducing access, security, technologies in the future that will be announced in the future. That can also be somewhat disruptive.

Mike Genovese: All right. Well, you have a lot going on, so I better – I better let you get back to work. Thank you, Ed.

Ed Meyercord: We’re busy, but our teams we have a lot of growth opportunities. Thank you.

Kevin Rhodes: Thanks Mike.

Operator: Thank you. Now I’m not showing any further questions in the queue at this time. I would now like to turn a call back over to Mr. Ed Meyercord for any closing remarks.

Ed Meyercord: Thanks Livia, and thanks everybody for your participation on the call. Obviously for the investors that joined in today, and also we have, yes our employees that dial-in and we have partners and distributors who listen in as well and maybe some customers. So we appreciate that. I’d say I’d reiterate, there’s never been a better time to be at Extreme; Kevin mentioned it in his remarks. We’re in incredibly strong financial position and we have very interesting and unique growth opportunities that we believe will sustain this – the growth levels that we’ve mentioned. So I would encourage investors to please attend the upcoming investor conference over the next several months coming up in New York, details to follow and we hope to see you there. Thanks everybody and have a great day,

Operator: Ladies and gentlemen, that does conclude our conference for today. Thank you for your participation. You now disconnect.