Sunday, October 28, 2007

ShoreTel Reports 57 % YoY Revenue Growth, Signs AT&T as a Channel Partner

ShoreTel reported quarterly revenue of $32 million, an increase of 57% over the same quarter last year. GAAP net income was $2.6 million, or $0.06 per diluted share, compared to $1.0 million, or $.03 per diluted share, reported in the same period last year. Gross margin for the quarter improved to 64% from 61% last year.

ShoreTel also announced that it has expanded its relationship with AT&T by signing a master reseller agreement under which AT&T will resell ShoreTel's Pure IP unified communications systems and implementation services. AT&T is one of the world's largest resellers of enterprise telephony.

See also