Mitel Networks (MITL) Tops Q4 EPS by 2c

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Mitel Reports December Quarter Results

February 23, 2017 6:30 AM EST

Operational execution leads to strong cash position enabling a $23 million debt pay down subsequent to 2016 fiscal year end

OTTAWA, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq: MITL) (TSX: MNW), a global leader in enterprise communications, today announced financial results for the fourth quarter ended December 31, 2016.

In the fourth quarter, Mitels strong operational execution enabled the company to deliver a solid quarter in a highly competitive market driven by technology migration and vendor consolidation, said Richard McBee, Mitels Chief Executive Officer.  Mitel continued to gain... More