ShoreTel Reports Financial Results for Q3-2011

By Neil Zawacki
Updated: April 29, 2011

ShoreTel Reports Financial Results for Q3-2011

ShoreTel recently released their financial results for the third quarter fiscal year 2011. They stated the total revenue for the company was $51.6 million, a 39 percent increase from the previous year. They also declared that the GAAP gross margin for the third quarter was 68 percent and that they currently had $102.6 million in cash, cash equivalents, and short-term investments available.

The financial report noted operational highlights of the third quarter, including the expanded partnership between ShoreTel and Polycom. This partnership will combine their proprietary technology to create an integrated telepresence system that lowers the cost of ownership and substantially decreases the bandwidth requirements for high definition video. Other highlights of the third quarter include the ShoreTel Partner Program being awarded five stars by CRN’s Partner Programs Guide and the appointment of Donald Joos to Vice President of Global Services.

The company predicts the overall revenue for the next quarter to be somewhere between $53 million to $56 million, with a GAAP gross margin around 66 to 67 percent. The GAAP operating expenses are expected to be between $38 and 39 million, including $2.5 million that is related to stock-based compensation and the distribution of acquisition-related intangibles.

ShoreTel is a major provider of hardware and software designed to promote unified communications in small and mid-size businesses. Their full range of products includes IP phones, mobility routers, conference bridges, contact center software, and several user applications.
 

Featured Research
  • Mobile Communication Showdown

    It's no secret that businesses are becoming agiler and employees are spending more time away from their desks. The question isn't should we get rid of our landlines, but how quickly can we replace them?However, staying connected with your colleagues, clients, and customers is absolutely essential for cultivating long-term, lucrative relationships that will help your company achieve success. more

  • The Best Business Phone Systems in 2017

    71% of people say they are more creative of people when they are able to collaborate on teams. Collaboration is essential to business success and has never been more impactful than today. As the number of conversations outside of face-to-face meetings and travel increases, it is important for you to invest in a phone system that will allow your business to flourish. more

  • The Future of VoIP Security

    Looking to invest in a VoIP system? With the fantastic strides that have occurred in communication technology one thing to keep in mind is there has also been an increase in concerns surrounding security. As an example of this, in the third quarter of 2016 alone, there were over 18 million malware samples captured. more

  • Impressive VoIP Features for Business Growth

    Great communication is an important building block of business success. Let this sink in, through a simple internet connection, you can connect with people around the globe, from where you are at that moment. All of this is possible with a VoIP phone system, and if you don't have one you should be seriously be considering getting one. more

  • 8 Ways Business Travelers Can Save with VoIP

    Do you or any part of your workforce travel for work, or even telecommute? If that answer is yes, then you should be utilizing mobile VoIP. With VoIP, businesses have been found to save as much as 40% on local calls and a whopping 90% on international calling expenses. more

Related Articles