{"id":27823,"date":"2014-08-11T08:27:30","date_gmt":"2014-08-11T12:27:30","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27823"},"modified":"2014-08-11T08:27:30","modified_gmt":"2014-08-11T12:27:30","slug":"shoretel-inc-nasdaqshor-posts-record-revenue-of-88-6-million-in-fourth-quarter","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/shoretel-inc-nasdaqshor-posts-record-revenue-of-88-6-million-in-fourth-quarter-27823","title":{"rendered":"ShoreTel Inc (NASDAQ:SHOR) Posts Record Revenue Of $88.6 Million In Fourth Quarter"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/11\/2014 (wallstreetpr) \u2013 <b>ShoreTel Inc (NASDAQ:SHOR)<\/b> posted fourth quarter <a href=\"https:\/\/finance.yahoo.com\/news\/shoretel-reports-financial-results-fourth-200500918.html\">results<\/a> wherein the total revenue came at a record $88.6 million. It was up by 4% as compared to the 4Q2013. The non-GAAP net income came at a record $4.9 million. It accounts to $0.08 per diluted share as compared to $0.06 per share in the 4Q2013. The non-GAAP net income excludes the amortization of acquisition-related intangibles, stock-based compensation charges and other related tax adjustments.<\/p>\n<p style=\"text-align: justify;\"><b>The higher earnings<\/b><\/p>\n<p style=\"text-align: justify;\">The GAAP net income came at $2.1 million as against the net loss of $2.3 million in 4Q2013. It accounts for the net income of $0.03 per diluted share as against net loss of $0.04 per share in 4Q2013. The non-GAAP total gross margins came at 61.1% as compared to 61.4% a year-ago. The GAAP gross margin came at 59.6% as compared to 59.9% in the same period last year.<\/p>\n<p style=\"text-align: justify;\"><b>The revenues<\/b><\/p>\n<p style=\"text-align: justify;\">The recurring revenues came at 38% to $136 million. It was a jump of 19% as compared to the 4Q2013. The hosted revenues increased 25% year-over-year to $24.1 million. It was up by 6% sequentially. The non-GAAP hosted gross margin came at 43.7% as compared to 39.1% in the 4Q2013. GAAP hosted gross margin came at 39.4% as compared to 34.9% in the same quarter of fiscal year 2013.<\/p>\n<p style=\"text-align: justify;\">The product revenues saw a decline of 7% year-over-year. However, it was higher 9% sequentially. The revenue from support and services was up by 13% at $17.2 million year-over-year. It came higher 5% sequentially. ShoreTel had no outstanding debt in the quarter. The free cash flow stands at $56.1 million.<\/p>\n<p style=\"text-align: justify;\"><b>Management view<\/b><\/p>\n<p style=\"text-align: justify;\">President and CEO of ShoreTel, Don Joos said that ShoreTel Inc (NASDAQ:SHOR) had a great fiscal year. ShoreTel fulfilled all the commitments in respect of product launches, business integration and infrastructure investments. The company reported a record level in terms of non-GAAP profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/11\/2014 (wallstreetpr) \u2013 ShoreTel Inc (NASDAQ:SHOR) posted fourth quarter results wherein the total revenue came at a record $88.6 million. It was up [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":27827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[7786,7785],"stock_ticker":[],"class_list":["post-27823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-nasdaqshor","tag-shoretel-inc-nasdaqshor","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ShoreTel Inc (NASDAQ:SHOR) Posts Record Revenue Of $88.6 Million In Fourth Quarter - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/shoretel-inc-nasdaqshor-posts-record-revenue-of-88-6-million-in-fourth-quarter-27823\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ShoreTel Inc (NASDAQ:SHOR) Posts Record Revenue Of $88.6 Million In Fourth Quarter - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 08\/11\/2014 (wallstreetpr) \u2013 ShoreTel Inc (NASDAQ:SHOR) posted fourth quarter results wherein the total revenue came at a record $88.6 million. 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