Mitel Networks (MITL) Misses Q1 EPS by 1c; Guides Q2 EPS Below Views
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Mitel Reports March Quarter Results
May 5, 2016 6:30 AM EDTRecord Quarterly Cloud Revenues Grow 32%Mobile Division Revenues Increase 55%
Non-GAAP revenues of $276.8 million, up 3% year-over-year in constant currencyAdjusted EBITDA1 of $25.6 million, up 62% year-over-year in constant currency$40 million in voluntary debt prepayments made during the quarterOTTAWA, May 05, 2016 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq: MITL) (TSX: MNW), a global leader in real-time business, cloud and mobile communications, today announced financial results for the first quarter ended March 31, 2016.
Our solid results in the first quarter showed continued... More
