Eric Savitz, Blogger and Columnist, Barron's, Tech Trader Daily

ShoreTel FY Q4 Revs, EPS Top Estimates

August 13, 2009 at 5:00 am PT

ShoreTel (SHOR) posted better than expected results for its fiscal fourth quarter ended June 30.

For the quarter, the company reported revenue of $32.4 million, down from $34.7 million a year ago, but up four percent sequentially, and ahead of the Street at $32.1 million. Non-GAAP profits of three cents a share beat the Street consensus of a penny a share.

For the September quarter, the company sees revenue of $30 million to $35 million; the Street has been expecting $33.2 million.

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