Powering more than 2 billion connections every day, Mitel helps businesses connect, collaborate and take care of their customers. That includes more than 33 million cloud connections daily, making Mitel the world’s fastest growing provider of cloud communications. Our business communications experts serve more than 60 million users with over 2,500 channel partners in more than 100 countries. We have #1 market share in EMEA and have been identified by top industry analyst firms as a business communications leader.
TypePublic
HQOttawa, CA
Founded1969
Size (employees)3,820 (est)+16%
Websitemitel.com
Mitel Networks was founded in 1969 and is headquartered in Ottawa, CA
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Key People/Management at Mitel Networks

Richard D. McBee

Richard D. McBee

President and Chief Executive Officer
Steven E. Spooner

Steven E. Spooner

CFO
Bob Agnes

Bob Agnes

EVP and President, Mitel Products and Solutions
Todd Abbott

Todd Abbott

Executive Vice President, Global Sales & Services
Wes Durow

Wes Durow

Chief Marketing Officer
Graham Bevington

Graham Bevington

EVP, Business Development
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Mitel Networks Office Locations

Mitel Networks has offices in Hong Kong, Ottawa, Burnaby, Montréal and in 9 other locations
Ottawa, CA (HQ)
350 Legget Dr
Burnaby, CA
240 4400 Dominion St
Montréal, CA
210 1111 Boulevard Dr Frederik Philips
Taastrup, DK
342 Roskildevej
Berlin, DE
1 Zeughofstraße
Hong Kong, HK
2002 88 Hing Fat St
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Mitel Networks Financials and Metrics

Mitel Networks Revenue

Mitel Networks's revenue was reported to be $987.60 m in FY, 2016 which is a 3.7% decrease from the previous period.
USD

Market capitalization (14-Nov-2018)

1.4b

Closing stock price (14-Nov-2018)

11.0

Cash (30-Sep-2018)

45.0m
Mitel Networks's current market capitalization is $1.4 b.
Annual
USDFY, 2014FY, 2016

Revenue

1.1b987.6m

Revenue growth, %

(4%)

Cost of goods sold

455.6m

Gross profit

532.0m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q1, 2018

Revenue

288.7m272.4m248.1m

Cost of goods sold

136.9m129.5m117.7m

Gross profit

151.8m142.9m130.4m

Gross profit Margin, %

53%52%53%
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

111.3m97.3m

Accounts Receivable

237.5m186.3m241.0m

Inventories

88.3m74.9m

Goodwill

340.3m346.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

136.0m100.8m76.0m39.0m45.0m

Accounts Receivable

195.0m245.0m250.0m173.0m201.0m

Inventories

93.0m93.9m

PP&E

55.0m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(5.5m)(5.5m)

Depreciation and Amortization

25.5m25.5m
Quarterly
USDQ2, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017

Net Income

800.0k5.3m(8.1m)25.1m(48.0m)

Depreciation and Amortization

19.6m19.3m28.6m26.0m

Cash From Operating Activities

25.8m73.0m21.1m17.3m(4.0m)29.7m

Cash From Investing Activities

(4.3m)(1.1m)(351.0m)(3.9m)(5.0m)(4.6m)316.0m
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Mitel Networks Operating Metrics

FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017

Channel Partners

2.50 k2.50 k2 k

Cloud Communications End Users

1 m2 m2.19 m2.47 m2.65 m3.09 m3 m3.26 m

Patents and Patent Applications

1.60 k1.80 k1.60 k

Recurring Cloud Users

419 k450 k494 k543 k588 k
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Mitel Networks Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
ShoreTelJuly 27, 2017$430 m

Mitel Networks Revenue Breakdown

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Mitel Networks revenue breakdown by business segment: 81.3% from Enterprise and 18.7% from Cloud

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Mitel Networks Online and Social Media Presence

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Mitel Networks News and Updates

IVR System Market Is Thriving Worldwide with Convergys Crop, Dialogic Corporation, Mitel Networks Corporation

Get an extensive IVR System Market analysis of the dominant vendors, their latest products and services, and the competitive landscape of the industry. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Mitel Networks Company Life and Culture

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Mitel Networks Frequently Asked Questions

  • When was Mitel Networks founded?

    Mitel Networks was founded in 1969.

  • Who are Mitel Networks key executives?

    Mitel Networks's key executives are Richard D. McBee, Steven E. Spooner and Bob Agnes.

  • How many employees does Mitel Networks have?

    Mitel Networks has 3,820 employees.

  • What is Mitel Networks revenue?

    Latest Mitel Networks annual revenue is $987.6 m.

  • What is Mitel Networks revenue per employee?

    Latest Mitel Networks revenue per employee is $258.5 k.

  • Who are Mitel Networks competitors?

    Competitors of Mitel Networks include 8x8, InterMedia and Unify.

  • Where is Mitel Networks headquarters?

    Mitel Networks headquarters is located at 350 Legget Dr, Ottawa.

  • Where are Mitel Networks offices?

    Mitel Networks has offices in Hong Kong, Ottawa, Burnaby, Montréal and in 9 other locations.

  • How many offices does Mitel Networks have?

    Mitel Networks has 13 offices.