ShoreTel (SHOR) Tops Q2 EPS by 5c

ShoreTel (NASDAQ: SHOR) reported Q2 EPS of $0.10, $0.05 better than the analyst estimate of $0.05. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $90.17 million.

"During our fiscal second quarter we made significant progress towards the strategic priorities and catalysts for growth we outlined during our Analyst Day in November," said Don Joos, president and CEO of ShoreTel. "With the ShoreTel Connect platform launched, we gained momentum with customers as our pipeline of cloud opportunities expanded, our channel partners contributed a historically high portion of our cloud bookings and we announced two acquisitions to accelerate our cloud business. While executing these strategic objectives, we generated solid profitability."

For earnings history and earnings-related data on ShoreTel (SHOR) click here.

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