Mitel Reports 3 Percent Increase in Revenue for the First Quarter Fiscal 2012
Mitel, a provider of Unified Communications and Collaboration (UCC) software solutions, posted a 3 percent increase in revenue at $164.1 million for the first quarter of fiscal 2012 compared to $160 million for the comparable quarter of fiscal 2011.
The net loss of Mitel for the first quarter of fiscal 2012 was $2.8 million, or $0.05 per share, compared to net income of $6.8 million, or $0.12 per share, for the same period last year.
Mitel reported adjusted EBITDA of $18 million for the first quarter of fiscal 2012.
“We are pleased with our execution in the first quarter of fiscal 2012 where we again exceeded our guidance, implemented our new strategy and initiated organizational changes to position Mitel for growth,” said Richard McBee, chief executive officer, Mitel, in a statement. “We remain focused on maintaining our technology leadership.”
Mitel Communications Solutions revenues for the first quarter of fiscal 2012 increased 1 percent to $124.4 million from the same quarter of 2011.
Mitel NetSolutions revenues for the first quarter of fiscal 2012 grew 4 percent to $20.0 million from the same quarter of 2011.
Mitel DataNet revenue for the first quarter of fiscal 2012 grew 14 percent to $19.7 million from the same quarter of 2011.
The company is focusing on technology advancements. At the VMworld conference, Mitel launched the integration of its virtualized UC Advanced client software with VMware View 5, expanding the power of desktop virtualization.
Recently, Mitel deployed a Unified Communicator Advanced System at the Union Institute and University to provide a single portal allowing seamless collaboration of tools including voice, video, secure instant messaging, audio and Web conferencing, document sharing, voice messaging and e-mail, from a PC or mobile device.
Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2011, taking place Sept. 13-15, 2011, in Austin, Texas. ITEXPO offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. To register, click here.
Rajani Baburajan is a contributing editor for unified communications. To read more of Rajani's articles, please visit her columnist page.
Edited by Rich Steeves