ShoreTel provides businesses worldwide with communications solutions that make interactions simple. The Company's flexible communications solutions for on-premises, cloud, and hybrid environments eliminate complexity, reduce costs and improve productivity. ShoreTel’s innovative business phones, application integration, collaboration tools, mobility, and contact center applications enable users to communicate and collaborate no matter the time, place or device, with minimal demand on IT resources.

Type
Subsidiary
Parent Company
Mitel Networks
HQ
Sunnyvale, US
Founded
1996
ShoreTel was founded in 1996 and is headquartered in Sunnyvale, US
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ShoreTel Office Locations

ShoreTel has offices in Sunnyvale, Austin, Milwaukee, New York and in 13 other locations
Sunnyvale, US (HQ)
960 Stewart Dr
Austin, US
6500 River Place Boulevard Building IV, Suite 200
Milwaukee, US
101 1610 N 2nd St
New York, US
1385 Broadway
Rochester, US
100 300 State St
Braddon, AU
218 Northbourne Ave
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ShoreTel Financials and Metrics

Summary Metrics

Founding Date

1996

Total Funding

$13.5 m

Investors

In total, ShoreTel had raised $13.5 m. ShoreTel is a subsidiary of Mitel Networks

ShoreTel Financials

ShoreTel's revenue was reported to be $360.28 m in FY, 2016 which is a 0.1% decrease from the previous period.
Annual
USDFY, 2014FY, 2015FY, 2016

Revenue

339.8 m360.7 m360.3 m

Revenue growth, %

6%0%

Cost of goods sold

137.9 m142 m132.5 m

Gross profit

201.9 m218.7 m227.8 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

84.3 m84.5 m82.4 m90.4 m90.9 m85 m90.2 m90.4 m85.2 m86.3 m88 m87.7 m

Cost of goods sold

33.1 m34.6 m34.3 m36.7 m35.6 m35.1 m32.1 m32.5 m32.8 m32 m32.5 m31.5 m

Gross profit

51.2 m49.9 m48.1 m53.8 m55.3 m49.9 m58 m57.9 m52.4 m54.3 m55.5 m56.2 m

Gross profit Margin, %

61%59%58%59%61%59%64%64%62%63%63%64%
Annual
USDFY, 2014FY, 2015FY, 2016

Cash

53.5 m82.2 m61.7 m

Accounts Receivable

13.3 m

Inventories

26.5 m15.1 m12.5 m

Current Assets

130 m153.4 m167 m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

49.9 m52.2 m50.3 m57.3 m67.4 m76.2 m96.5 m96.9 m86.8 m54.3 m54.4 m56.7 m

Inventories

17.6 m19.3 m24 m24.2 m19.4 m16.9 m13.5 m14.4 m15.5 m15.5 m15.8 m14 m

Current Assets

117.7 m119.5 m123.2 m131 m139.8 m137.4 m159.3 m163.3 m156 m158.6 m156.4 m158.8 m

PP&E

19.8 m19 m21.3 m21.1 m20.8 m20.6 m
Annual
USDFY, 2014FY, 2015FY, 2016

Net Income

(1 m)(4.3 m)(4.8 m)

Depreciation and Amortization

18.3 m19.1 m20.5 m

Inventories

(7.5 m)11.4 m2.9 m

Accounts Payable

6.2 m(795 k)(701 k)
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

(1 m)(940 k)(1.2 m)366 k(6.8 m)(2.6 m)2.1 m2.5 m(8.7 m)(5.6 m)(2.9 m)(2.9 m)

Inventories

24.2 m19.4 m16.9 m13.5 m14.4 m15.5 m15.5 m15.8 m14 m

Accounts Payable

12.8 m14.7 m13.4 m14.2 m13.3 m14.2 m16.1 m14.8 m15.9 m
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ShoreTel Operating Metrics

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

Average Monthly Recurring Revenue per Customer

$2.05 k$2.43 k$2.39 k$2.36 k$2.37 k$2.37 k$2.35 k$2.24 k$2.21 k$2.14 k$2.08 k$2 k$1.99 k

Enterprise Customers

35 k39 k40 k

Patent Applications

54 46 41

Resellers

1.10 k1 k1.20 k
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ShoreTel News and Updates

Business Phone System 2018 Global Market Key Players - ShoreTel, Toshiba, RingCentral, Lenovo, NEC, Microsoft, Cisco -Analysis And Forecast To 2023

Business Phone System – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

SIP Trunking Services Global Market 2017- Competitive Landscape, Strategies, Share, Trends, Segmentation, Growth Forecast 2022

This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market. Posted via Industry Today. Follow us on Twitter @IndustryToday

Why Unified Communications (UC) is the key to future business growth

By adopting UC, organisations will be better able to support a modern working environment that appeals to millennials.
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