Mitel Networks

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.
Company Growth (employees)
Ottawa, CA
Size (employees)
3,300 (est)
Mitel Networks was founded in 1969 and is headquartered in Ottawa, CA

Mitel Networks Office Locations

Mitel Networks has offices in Ottawa, Burnaby, Montréal, Mesa and in 9 other locations
Ottawa, CA (HQ)
350 Legget Dr
Hong Kong, HK
2002 88 Hing Fat St
Dubai, AE
263 Dubai Internet City 17
Warszawa, PL
26 Piękna
Berlin, DE
1 Zeughofstraße
Taastrup, DK
342 Roskildevej
Show all (13)

Mitel Networks Data and Metrics

Mitel Networks Financial Metrics

Mitel Networks's revenue was reported to be $223.1 m in Q1, 2017

Revenue (Q1, 2017)

223.1 m

Gross profit (Q1, 2017)

119.1 m

Gross profit margin (Q1, 2017), %


Net income (Q1, 2017)

(21.1 m)

EBIT (Q1, 2017)

(6.5 m)

Market capitalization (20-Jul-2017)

877.5 m

Closing share price (20-Jul-2017)


Cash (31-Mar-2017)

56.5 m
Mitel Networks's current market capitalization is $877.5 m.
USDFY, 2014FY, 2015FY, 2016


1.1 b1 b987.6 m

Revenue growth, %


Cost of goods sold

455.6 m

Gross profit

532 m

Gross profit Margin, %


R&D expense

96.5 m

General and administrative expense

339.8 m

Operating expense total

436.3 m


49.8 m

EBIT margin, %


Interest expense

(16.8 m)

Pre tax profit

33.7 m

Net Income

(217.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


288.7 m272.4 m248.1 m276.9 m290.7 m276.1 m307.2 m279.8 m223.1 m

Cost of goods sold

136.9 m129.5 m117.7 m127.2 m138 m128.3 m135 m131.5 m104 m

Gross profit

151.8 m142.9 m130.4 m149.7 m152.7 m147.8 m172.2 m148.3 m119.1 m

Gross profit Margin, %


R&D expense

31.9 m30.3 m26.9 m34 m35.4 m36.8 m40.6 m34.4 m22.8 m

General and administrative expense

91.8 m87.4 m81.6 m91.8 m94.7 m97.2 m96.4 m90.4 m83.4 m

Operating expense total

123.7 m117.7 m108.5 m125.8 m130.1 m134 m137 m124.8 m106.2 m


(20.4 m)(5.2 m)(9.8 m)(10 m)(20.9 m)(8.2 m)41.4 m(6.5 m)

EBIT margin, %


Interest expense

(5.5 m)(5.2 m)(4.6 m)(7.8 m)(9.6 m)(10 m)(9.8 m)(9.4 m)(3.2 m)

Pre tax profit

(17 m)33 m

Net Income

800 k(5.3 m)5.3 m(11.6 m)(8.1 m)(22.4 m)(10.8 m)25.1 m(21.1 m)
USDFY, 2014FY, 2015FY, 2016


111.3 m91.6 m97.3 m

Accounts Receivable

237.5 m290.2 m186.3 m


88.3 m92.8 m74.9 m


340.3 m658.6 m346.3 m

Total Assets

1.3 b1.9 b1.6 b

Accounts Payable

200.6 m

Total Debt

316.8 m645.3 m586 m

Additional Paid-in Capital

38 m49 m57.1 m

Retained Earnings

(698.6 m)(719.3 m)(946.7 m)

Debt to Assets Ratio

0.2 x0.3 x0.4 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017


134.2 m120.1 m100.8 m76 m82.9 m83.4 m61.2 m73.3 m56.5 m

Accounts Receivable

230.1 m207.8 m195 m276.3 m239.6 m245 m258.3 m250 m173 m


89.3 m93 m93.9 m110.4 m110.9 m90.3 m91.6 m95.3 m78.2 m


333.4 m334.1 m340.3 m657.9 m664.6 m658.6 m658.6 m658.6 m346.3 m

Total Assets

1.3 b1.3 b1.2 b1.9 b1.9 b1.8 b1.8 b1.8 b1.1 b

Accounts Payable

212.1 m228.9 m184.1 m276.7 m251.1 m254.2 m266.7 m237.6 m180.7 m

Additional Paid-in Capital

36.1 m36.8 m39.2 m44.1 m46.5 m50.5 m51.3 m53.2 m51.3 m

Retained Earnings

(704.1 m)(709.4 m)(693.3 m)(704.9 m)(713 m)(741.7 m)(752.5 m)(727.4 m)(962.6 m)
USDFY, 2014FY, 2015FY, 2016

Net Income

(5.5 m)(5.5 m)(217.3 m)

Depreciation and Amortization

25.5 m25.5 m100.7 m

Cash From Operating Activities

17.7 m17.7 m99.7 m

Cash From Investing Activities

(26 m)(26 m)(17.3 m)

Long-term Borrowings

(21.5 m)

Cash From Financing Activities

(21.9 m)(21.9 m)(69 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

800 k(5.3 m)5.3 m(11.6 m)(8.1 m)(22.4 m)(10.8 m)25.1 m(21.1 m)

Depreciation and Amortization

19.6 m19.7 m19.3 m25.5 m28.6 m25.4 m24.4 m26 m12.8 m

Cash From Operating Activities

25.8 m20.4 m21.1 m(1.9 m)17.3 m36.8 m(4 m)29.7 m10.7 m

Cash From Investing Activities

(4.3 m)(4.4 m)(1.1 m)(349.9 m)(3.9 m)(5 m)(2.3 m)(4.6 m)316 m

Long-term Borrowings

(25 m)(25 m)(25 m)(40 m)

Cash From Financing Activities

(23.9 m)(24.6 m)(26.3 m)325.3 m(5.5 m)(41 m)(13.9 m)(12.9 m)(372.4 m)
USDY, 2017


67.6 k

Mitel Networks Operating Metrics

Mitel Networks's Users was reported to be 60 m in FY, 2016
FY, 2014FY, 2015Q1, 2016Q2, 2016Q3, 2016Q4, 2016FY, 2016Q1, 2017May, 2017

Channel Partners

2.5 k2.5 k2 k


60 m60 m60 m

Cloud Communications End Users

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

Patents and Patent Applications

1.6 k1.8 k1.6 k



Recurring Cloud Users

419 k450 k494 k543 k588 k

Average Revenue Per Retail Hosted Customer

$1.74 k

Average Hosted Customer Size


    Mitel Networks Acquisitions / Subsidiaries

    Acquired CompanyDateDeal Size
    ShoreTelJuly 27, 2017$430 m

    Mitel Networks Market Value History

    Mitel Networks Revenue Breakdown

    Traffic Overview of Mitel Networks

    Mitel Networks Online and Social Media Presence

    Mitel Networks News and Updates

    Xura just spent $385 million to develop 5G and the IoT

    This story was delivered to BI Intelligence IoT Briefing subscribers. To learn more and subscribe, please click here. Xura, a digital communications company, is buying Mitel Mobility and its 5G development assets for $385 million, according to TechCrunch. The development of…

    Term Sheet — Monday, December 19

    On deals and dealmakers.

    Xura buys Mitel Mobility for $385M and Ranzure to double down on 5G

     After failing to complete its $1.96 billion merger with Polycom earlier this year when Polycom instead got acquired by Siris Capital for $2 billion, today Mitel Networks began the process of streamlining its business to go forth alone, or find another acquisition or merger as a simpler company. Tod…

    Verizon eyes automotive technology market, could spur other deals

    NEW YORK (Reuters) - Verizon Communications Inc's recent purchases of two vehicle tracking firms could spark more deals as the No. 1 wireless provider and rival AT&T see fleet management as a source of growth, analysts said.

    Exclusive: Genesys in bid to buy Avaya's call center business - sources

    (Reuters) - Genesys Telecommunications Laboratories Inc, a U.S. provider of call center software, is in talks to acquire the contact center business that its peer Avaya Inc [AVXX.UL] is hoping to sell for more than $4 billion, according to people familiar with the matter.

    Breakingviews: Valuation Quirks Help End Proposed Ploycom-Mitel Merger

    Investors were unimpressed after both companies lost money while under threat from larger rivals like Cisco.
    Show more

    Mitel Networks Company Life and Culture

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