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Extreme Networks

(EXTR) - Get Extreme Networks, Inc. Report

posted a small fourth-quarter profit and guided toward a solid first quarter.

For the quarter ended July 3, the Santa Clara, Calif., networking shop earned $123,000, or less than a penny a share, down from the year-ago $2.3 million, or 2 cents a share. Revenue rose to $96.1 million from $92.2 million a year earlier. The company said the latest quarter was hit by $2.8 million in litigation expense from a trial with


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Analysts surveyed by Thomson First Call had expected a penny-a-share profit on sales of $95 million.

"We are pleased to have achieved both growth and profitability for the year," said CEO Gordon L. Stitt. "The market is embracing our open converged network solutions, and this success has enabled us to grow sales while improving our margins and increasing profitability."

Extreme guided toward first-quarter revenue of $95 million to $100 million, in line with the $97 million Thomson estimate.

Late Wednesday, Extreme fell 6 cents to $5.