- Fourth Quarter Revenue Exceeds Guidance
- Record Gross Margin of 55.6% in the Fourth Quarter
"We continue to deliver results that meet or outperform our quarterly guidance," said
Fiscal Fourth Quarter 2012 Financial Highlights
Fiscal 2012 Financial Highlights
"On any profitability measure,
Given that the company announced the proposed sale of DataNet/CommSource in the third quarter of fiscal 2012, the results of the business unit are presented as discontinued operations, and prior period amounts have been adjusted accordingly.
Please refer to the GAAP to non-GAAP reconciliation tables in this release and a discussion of the use of non-GAAP measures under the heading, "Non-GAAP Financial Measurements" below.
Business Unit Results
Business Highlights
Hub Telecom , a subsidiary of Aéroportsde Paris specializing in telecommunications services, launched a cloud-based service based on theMitel Communications Director solution and VMware® virtualization solutions giving customers an in-office collaboration experience anywhere they have an Internet connection at Paris airports.Tiger Group , one of the largest steel companies in theMiddle East , selectedVirtual Mitel Communications Director (vMCD) as the backbone of its unified communication solution to reduce costs, enhance business continuity, improve employee productivity and increase flexibility.
Business Outlook
Conference Call Information
Non-GAAP Financial Measurements
This press release includes references to non-GAAP financial measures. Non-GAAP financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similar measures presented by other companies. We use these non-GAAP financial measures to assist management and investors in understanding our past financial performance and prospects for the future, including changes in our operating results, trends and marketplace performance, exclusive of unusual events or factors which do not directly affect what we consider to be our core operating performance. Non-GAAP measures are among the primary indicators management uses as a basis for our planning and forecasting of future periods. Investors are cautioned that non-GAAP financial measures should not be relied upon as a substitute for financial measures prepared in accordance with generally accepted accounting principles. Please see the reconciliation of non-GAAP financial measures to the most directly comparable U.S. GAAP measure attached to this release.
Forward Looking Statements
Some of the statements in this presentation are forward-looking statements (or forward-looking information) within the meaning of applicable U.S. and Canadian securities laws. These include statements using the words target, outlook, may, will, should, could, estimate, continue, expect, intend, plan, predict, potential, project and anticipate, and similar statements which do not describe the present or provide information about the past. Actual results may differ materially from those presented in forward-looking statements. Material risks that could cause actual results to differ include: our ability to achieve or sustain profitability in the future; fluctuations in our quarterly and annual revenues and operating results; fluctuations in foreign exchange rates; current and ongoing global economic instability; intense competition; our reliance on channel partners for a significant component of our sales; our dependence upon a small number of outside contract manufacturers to manufacture our products; and our ability to implement and achieve our business strategies successfully. Additional risks are described under the heading "Risk Factors" in
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