Avaya Holdings (AVYA) Reports Q4 Revenues Miss; Offers FY Revenue Mid-Point Guidance Above Consensus

Avaya Holdings (NYSE: AVYA) reported Q4 EPS of $2.11, versus $0.96 reported last year. Revenue for the quarter came in at $735 million versus the consensus estimate of $768.2 million.

“Our strong finish to the fiscal year was the direct result of accelerating business momentum driven by our forward facing investment strategy,” said Jim Chirico, President and CEO, Avaya. “Our public cloud solutions are gaining traction as we leverage the strong Avaya brand and our enterprise installed base. Additionally, we are investing in technology that complements our core solutions, including artificial intelligence and mobility. Our foundation is solid and we are well positioned for growth in 2019 and beyond.”

GUIDANCE:

Avaya Holdings sees FY2019 revenue of $3.05-3.15 billion, versus the consensus of $3.06 billion.

For earnings history and earnings-related data on Avaya Holdings (AVYA) click here.

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