ShoreTel, the leading provider of brilliantly simple IP phone systems with fully integrated unified communications (UC), today announced financial results for the second quarter of fiscal year 2011, which ended December 31, 2010.
For the second quarter of fiscal year 2011, revenue was $47.7 million, up 8 percent sequentially from the first quarter of fiscal 2011 and a 35 percent increase from the second quarter of fiscal year 2010.
“ShoreTel’s achievements during the second quarter illustrate what brought me to this company – its tremendous potential for growth,” said Peter Blackmore, president and CEO of ShoreTel. “For the first time ShoreTel attracted more than 1,000 new customers during the quarter; we maintained a healthy cash balance of over $100 million, enabling further investment; and we recently announced expansion into a two-tier channel program worldwide. We believe that this new channel strategy will enable ShoreTel to achieve our aggressive growth targets.