ShoreTel's Revenue Rises to $35.9 million

ShoreTel, which supplies Unified Communications (UC) solutions, reported revenue for its first quarter of fiscal year 2009 of $35.9 million, an increase of 12 percent over the first quarter of fiscal year 2008 and a three percent increase over the prior quarter. GAAP net loss was $2.2 million, or $(0.05) per share, compared to GAAP net income of $2.6 million, or $0.06 per diluted share, reported in the first quarter of fiscal year 2008. GAAP net loss in the first quarter of fiscal year 2009 included $2.7 million in stock- based compensation expenses, compared to $1.1 million reported in the first quarter of fiscal year 2008.


GAAP gross margins for the first quarter of fiscal year 2009 were 64 percent, compared with 64 percent during the same quarter last year. GAAP gross margins in the first quarter of fiscal year 2009 included $216,000 in stock-based compensation expenses, compared to $66,000 in the first quarter of fiscal year 2008. Non-GAAP gross margins, which exclude stock-based compensation expenses, were 65 percent in the first quarter of fiscal year 2009, compared with 64 percent during the same quarter last year.


ShoreTel said it signed more than 800 new customers during the quarter, a quarterly record, bringing total customers to more than 8,800.http://www.shoretel.com/