Mitel Networks Corp (MITL) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.19 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.14. The company posted revenue of $307.20 million in the period, compared to analysts expectations of $291.28 million. The company’s revenue was up 10.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Mitel Networks Corp closed down -0.02 points or -0.27% at $7.29 with 10,02,286 shares getting traded on Tusday. Post opening the session at $7.34, the shares hit an intraday low of $7.2 and an intraday high of $7.43 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
Mitel Networks Corporation (Mitel) is a global provider of business communications and collaboration software services and solutions. The Company operates in two segments: Premise and Cloud. The Premise segment sells and supports products and services for premise-based customers. The Cloud segment sells and supports products that are deployed in a cloud environment. Mitel offers portfolios of business communications solutions which are known as unified communications and collaboration (UCC). It also offers cloud-based telephony services and network services in the United States and in select markets across the globe. It operates in three geographic markets: Americas which includes the United States Canada the Caribbean and Latin America; EMEA which includes the continent of Europe the Middle East and Africa and Asia Pacific which includes the continent of Asia and the Pacific region including Australia and New Zealand.