Mitel Networks (MITL) Misses Q2 EPS by 1c

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Go back to Mitel Networks (MITL) Misses Q2 EPS by 1c

Mitel Reports June Quarter Results

July 27, 2017 6:34 AM EDT

OTTAWA, July 27, 2017 (GLOBE NEWSWIRE) -- Mitel® (Nasdaq: MITL) (TSX: MNW), a global leader in enterprise communications, today announced financial results for the second quarter ended June 30, 2017.

During the quarter, Mitel experienced a distinct acceleration by its customers into hosted cloud solutions and services. That shift manifested itself in a record level of cloud bookings for the company, said Rich McBee, Chief Executive Officer. In line with the market shift, in the second quarter Mitel initiated significant organization structural changes to accelerate our move-to-the-cloud strategy further with the consolidation... More