Mitel Reports Second Quarter Results
MITEL NETWORKS (MITL)
Last mitel networks earnings: 2/22 06:30 am
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Source: GlobeNewswire
Recurring clouds seats now exceed 1.2 million Gartner names Mitel to the Unified Communications Leadership Quadrant for the 5th consecutive year OTTAWA, Ontario, Aug. 01, 2018 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in business communications, today announced financial results for the second quarter ended June 30, 2018. Financial Highlights In millions(except per share data)Q2 2018Q2 2017GAAP Revenues$324.7$238.6 GAAP Net Income (Loss)$15.4($0.1)GAAP EPS - diluted$0.12$0.00 Business Highlights Recurring clouds seats grew by 50,037 seats during the quarter and now total 1,209,546.A large US-based automobile services company converted 4,000 seats of its ShoreTel-based system to MiCloud Flex. It also added a 50-agent contact center. The total value of the contract was $2.5 million.University of Arkansas for Medical Sciences converted its Avaya and Microsoft on-site solution with MiVoice Business. The total value of the contract was $2.0 million.At
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