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Unified communications and collaboration (UCC) software solutions provider Mitel (Nasdaq: MITL) posted net income of US$4.4mn in the fourth quarter of fiscal 2011, ended April 30, an 80% drop compared to US$22.0mn in the same period last year, the company said in a statement.
But for full fiscal 2011, net income was US$88.1mn, a 137% jump compared to US$37.2mn in fiscal 2010.
Revenue for the fourth quarter increased 1.64% to US$167mn, but a 26.2% boost in expenses to US$76.1mn dragged on the bottom line.
For the whole fiscal year, revenues increased slightly, up 0.30% to US$650mn.
Adjusted Ebitda for fiscal 4Q11 was US$19.9mn and US$76.1mn for the full year, compared to US$25.6mn and US$89.8mn, respectively.
The company expects revenues in the range of US$158mn-162mn for the first quarter of fiscal 2012.
Mitel provides communications solutions for a range of organizations. It has over 100 locations in more than 90 countries. The company offers communications solutions in the education, retail, financial services and automotive areas, among others.
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