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

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

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 (31-Oct-2017)

1 b

Closing share price (31-Oct-2017)

Mitel Networks's current market capitalization is $1 b.
USDFY, 2014FY, 2015FY, 2016


1.1 b1 b987.6 m

Revenue growth, %


Cost of goods sold

455.6 m

Gross profit

532 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, %

USDFY, 2014FY, 2015FY, 2016FY, 2017


111.3 m91.6 m97.3 m

Accounts Receivable

237.5 m290.2 m186.3 m241 m


88.3 m92.8 m74.9 m


340.3 m658.6 m346.3 m
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
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
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
USDY, 2017


67.6 k
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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
ShoreTel July 27, 2017$430 m
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