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Mitel sales hold steady in Q2

Alex Scroxton
Unified comms software vendor Mitel has made total sales of $161.1m (£103m) - down 0.8% - in the second quarter of its fiscal 2011.

In unaudited figures for the three months to the end of October, the firm made GAAP net income of $80.9m, reversing a year-ago loss of $20m.

The figure was significantly boosted by a tax relief of approximately $80m in its native Canada.

CEO Don Smith, who announced his retirement at the end of Q1 but is still manning the barricades while a replacement is sought, said the company had made progress "on many fronts".

"Our virtualisation products, mobility products and our recently announced Mitel Freedom architecture have been well received in the market.

"Additionally, we are seeing new opportunities in Europe to expand our enterprise business and are optimistic we can grow this area over the remainder of the fiscal year," said Smith.

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