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SHOR - Shoretel Inc News Story

$7.5 0.0  0.0%

Last Trade - 22/09/17

Sector
Technology
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £273.9m
Position in Universe th / 6381

BRIEF-Shoretel says some aspects of Corvisa acquisition not going as "originally anticipated"

Mon 23rd May, 2016 1:00pm
May 23 (Reuters) - Shoretel Inc  SHOR.O : 
    * Current expectation that its 2017 hosted revenue will grow 
21 percent to 24 percent above fiscal year 2016 levels 
    * Reiterated its business outlook for its 2016 fiscal q4 
previously communicated on April 28, 2016 
    * Certain aspects of business integration and revenue ramp 
associated with Corvisa acquisition are not progressing as 
originally anticipated 
    * "will continue to evaluate and adjust cost structure as we 
remain committed to achieving small non-GAAP operating profit in 
fiscal year 2017" 
    * Certain aspects associated with Corvisa acquisition are 
impacting previous near term assumptions 
    * Shoretel announces expectations for fiscal year 2017 
hosted revenue growth 
 
Source text for Eikon:  ID:nPn10Z8Tna  
Further company coverage:  SHOR.O  
 
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