OTTAWA, Feb 26 (Bernama-GLOBE NEWSWIRE) -- Mitel® (Nasdaq:MITL) (TSX:MNW), a global leader in real-time business, cloud and mobile communications, today announced financial results for the fourth quarter ended December 31, 2015.
“Record-setting revenue from our December quarter results came from solid performance across the entire business. Results were particularly impressive in our strategic growth pillars of Cloud and Mobile,” said Richard McBee, Chief Executive Officer. “In our Cloud business, revenues grew 44% and our investments continued to fuel recurring revenue growth, which increased 24% on year-over-year basis. In Mobile, we reported 73% year-over-year growth and expanded gross margins. These results lay the foundation for Mitel’s ongoing transformation as the market migrates to next generation solutions.”
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