Boosts operational performance with real-time communications Designed for today's ultra-fast, mobile-first world Delivers enterprise experience for businesses and scales as they grow Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, today announced Michael Johnson Performance (MJP), the elite athletic training organization created by track and field legend Michael Johnson, has deployed a Mitel cloud solution to power communications and collaboration across the organization and enhance athlete training.
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, announced at its Annual Meeting of Shareholders held on July 29, 2016 the election of 7 nominees proposed for its Board of Directors, as set out in the Management Information Circular dated June 24, 2016. As of the June 22, 2016 record date for the determination of the shareholders entitled to notice of and to vote at the meeting, 139,291,685 common shares were outstanding and eligible to vote. A total of 88,163,186 shares were voted in person or by proxy at the meeting.
GAAP revenues of $307 million, up 11% year-over-yearGAAP Gross Margins increased 200 basis points to 56.1%Adjusted EBITDA of $46 million, up 43% year-over-year on a proforma basisMitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, today announced financial results for the second quarter ended June 30, 2016. "Strong execution across all segments enabled Mitel to deliver outstanding second quarter results that exceeded analyst consensus and beat the high-end of our guidance for non-GAAP revenues and non-GAAP earnings per share.
Recognized as a Leader three consecutive years for vision and execution Only brand to appear in all five Magic Quadrants for business communications* Mitel believes it is uniquely positioned to intersect mobile, cloud and feature-rich enterprise capabilities
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, today announced that it will release its second quarter 2016 financial results for the period ended June 30, 2016 before the market opens on Thursday, August 4, 2016. The company will host an investor conference call and live webcast at 8:30 a.m. ET (5:30 a.m. PT) on the same day. To access the conference call, dial 888-734-0328. Callers outside the US and Canada should dial 678-894-3054. The conference ID is 51857469.
Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, announced that the company has made payments totaling US$25 million against its existing credit facility. The action of paying down debt is consistent with the company's commitment to shareholders and the investment community to utilize surplus cash reserves to strengthen its capital structure.
Software-based solution allows rapid deployment of cloud servicesOpens up new market and recurring revenue opportunities for service providersDelivers access to cloud-based, real-time communications for a mobile-first worldMitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, and AINEO Networks, Japan's leading provider of international communications systems by volume, today announced an agreement to expand AINEO's iPBX Hosting solution with MiCloud, Mitel's industry-leading cloud platform for service providers.
Waives right to match consideration payable to Polycom stockholdersMerger Agreement with Polycom will be terminated and termination fee paidMitel (Nasdaq:MITL) (TSX:MNW) today announced that it has received notice from Polycom (Nasdaq:PLCM) of a superior proposal from a third party, invoking the matching right period under Mitel's existing merger agreement with Polycom. In response, Mitel has notified Polycom that it will not increase the consideration payable to Polycom stockholders under the merger agreement and that Mitel has waived its matching rights.
Helps embrace mobile consumers with simplified, socially-integrated platforms Connects the enterprise and customer engagement data to personalize service Enables business agility in adapting to changing market dynamics
Mitel (Nasdaq:MITL) (TSX:MNW) and Polycom (Nasdaq:PLCM), announced that the meetings of Mitel shareholders and Polycom stockholders to approve Mitel's proposed acquisition of Polycom will take place on July 29, 2016. Mitel's annual and special meeting of shareholders will be held at The Brookstreet Hotel, 525 Legget Drive, Ottawa (Kanata), Ontario, K2K 2W2, commencing at 10:00 a.m., Eastern time, on July 29, 2016.