Mitel Profits Drop $41 Million From Year-Ago Quarter

But the cloud and UC provider also didn't get to report as much deferred tax income as it did in its fourth quarter of 2012.

Channel Partners

June 24, 2013

1 Min Read
Mitel Profits Drop $41 Million From Year-Ago Quarter

Mitel Networks reported lower profits for its fourth quarter ended April 30, but revenue came in about $5 million higher.

The Canada-based maker of cloud and UC platforms on Monday said it earned $8.1 million, or 14 cents per share, down from $49.2 million, or 88 cents per share, a year earlier. The 2012 numbers, however, included $46 million in deferred income-tax recovery. Analysts polled by Thomson Reuters had been expecting earnings of 24 cents per share. Revenue, meanwhile, went down 4.3 percent to $150.9 million.

Mitel said it projects sales for the current quarter, which ends July 31, to fall between $140 million and $145 million. Analysts had forecast $146 million, according to reports. The recent prairieFrye deal likely will impact the numbers. Mitel is paying $20 million in cash for the contact center specialist.

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