ShoreTelÂ® (NASDAQ: SHOR) said it has announced financial results for its fiscal fourth quarter and fiscal year 2015, which ended June 30, 2015.
For the fourth quarter of fiscal 2015, total revenue was a record USD94.4 million, an increase of 7 percent compared to the fourth quarter of fiscal 2014.
Non-GAAP net income, which excludes stock-based compensation charges, amortization of acquisition-related intangibles, other adjustments and related tax changes, for the fourth quarter of fiscal year 2015, was a record USD7.8 million, or USD0.12 per diluted share. This compares with a non-GAAP net income of USD4.9 million, or USD0.08 per diluted share, in the fourth quarter of fiscal 2014. GAAP net income was USD4.8 million, or USD0.07 per diluted share, in the fourth quarter of fiscal 2015, compared with a GAAP net income of USD2.1 million, or USD0.03 per diluted share, in the fourth quarter of fiscal 2014.
ShoreTel is a leading provider of brilliantly simple IP phone systems and unified communications solutions powering today´s always-on workforce. Its flexible communications solutions for on-premises, cloud and hybrid environments eliminate complexity, reduce costs and improve productivity.