Shoretel Inc logo

SHOR - Shoretel Inc News Story

$7.5 0.0  0.0%

Last Trade - 22/09/17

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  
 (Bengaluru Newsroom: +1-646-223-8780)
© Stockopedia 2020, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.