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Mitel Telephone System Success

Created: Thursday, 29 September 2011 13:44

First Quarter Fiscal 2012 Financial Results - Mitel is up 3% from the prior year quarter, revenue of $164.1 million.

Financial Success

Revenue for the first quarter of fiscal 2012 was $164.1 million, compared to $160.0 million for the first quarter of fiscal 2011.
Adjusted EBITDA for the first quarter of fiscal 2012 was $18.0 million.
Cash and cash equivalents as of July 31, 2011 were $71.3 million.
Operating cash flows for the first quarter of fiscal 2012 were $12.4 million.
Debt repayment of $12.3M

Chief Executive Officer - Comments

"We are very pleased with our success in the first quarter of fiscal 2012 where we again exceeded our targets, implemented our new strategy and initiated organizational changes to position Mitel for growth.

At the VMworld conference we announced the integration of our virtualized UC Advanced client software with VMware View 5, dramatically expanding the power of desktop virtualization. As IT administrators continue to focus on reducing costs, our combined solution extends a company's desktop and mobile environment to anywhere an employee has an Internet connection."

Contact Jungle Networks for further information on all Mitel HX and Mitel 3300 products and applications.