Mitel delivered solid financial results in what was a very busy quarter for the company.

Enterprise customers transitioning to the cloud helped push our cloud bookings up over 30 percent to a new record while revenues grew 24 percent on an as-reported basis.

In millions (except per share data)

Q3 2017

Q3 2016*

GAAP revenues

USD 241.5

USD 239.1

GAAP net income (loss)

(USD 26.8)

USD 34.9

Non-GAAP net income

USD 20.2

USD 16.0

GAAP EPS ñ basic

(USD 0.23)

USD 0.29

Non-GAAP EPS

USD 0.16

USD 0.13

Adjusted EBITDA

USD 34.2

USD 28.4

*Constant Currency

 

  “With the completion of the ShoreTel acquisition, we significantly accelerated our cloud strategy, moving Mitel firmly into the #2 position in the UCaaS market on a worldwide basis. With the integration process well under way, we believe that the combined company is ideally positioned to leverage our global scale and strength, and market leading positions in Europe and North America to take customers to the cloud any way they want – leveraging on-site investments, a hybrid solution, or straight to the cloud.”

Rich McBee
CEO,
Mitel


Pre-budget Expectations 2018: Rajan S Mathews, Director General, COAI

 

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