OTTAWA, Ontario -- Sales and profits at Mitel Corp. stayed flat in the second quarter, ended Sept. 24, the company reported here today.
Revenues at Mitel Communications Systems were up 4% to $209.4 million from last year's second quarter and up 13% from $186.0 million in the previous quarter.
Sales for Mitel Semiconductor were down 4% to $139.4 million compared to the preceding year, due mainly to lagging sales in the Asia-Pacific region, the company said. Sequentially, however, it was an 11% gain from $125.2 million in the first quarter of fiscal 2000.
Order backlog continued to strengthen substantially, reaching $265 million, up $25 million from the previous quarter and up $85 million from the end of fiscal 1999, according to Kirk K. Mandy, president and CEO of Mitel. Semiconductor order backlog improved by $32 million, to $209 million, over the previous quarter.
"Mitel is moving forward as expected," he said. "I am particularly pleased with the improved performance of our communications semiconductor business and the continued strength of our systems business."
Adjusted net income for the quarter was $27.7 million, or 23 cents per share, compared to $25.7 million, or 22 cents per share, in fiscal 1999, and 10 cents per share in the first quarter.
"We are seeing strong recovery in our Asia-Pacific markets and solid growth in our communications semiconductor business, particularly in WAN/internetworking and cellular," said Mandy.