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2012/03/05

Mitel Sees Higher Profits and Revenue During 3Q - Internet Telephony

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March 05, 2012

Mitel Sees Higher Profits, Revenue During 3Q

By Ed Silverstein, TMCnet Contributor

Mitel (News - Alert) saw increased profits during the third quarter and revenues were up as well – with the good news attributed to the company’s performance in continuing operations. Based in Canada, Mitel provides unified communications and collaboration (UCC) software.


“We are pleased to have delivered revenue, gross margin and non-GAAP operating expenses that were in line with or better than guidance,” Richard McBee, Mitel CEO, said in a company statement.


The company is in the midst of streamlining – so it decided to sell the DataNet/CommSource business division. The sale has yet to take place. The Ottawa Citizen reported that DataNet “did not fit with Mitel's main business of designing and selling Internet phones” and it “was the least profitable within Mitel.”


“We remain focused on our core business where demand remains solid for our Mitel solutions and our broad suite of virtualized UC applications software,” McBee said... Read More


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