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

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Avaya Reports Fourth Quarter and Fiscal 2018 Financial Results

December 4, 2018 7:30 AM EST

Q4 FY'18

Revenue was $735 million Non-GAAP revenue was $770 million, of which 82.6% was from Software and Services, a fourth quarter record, and 56.2% was from recurring revenue Midmarket Public Cloud MRR grew 165% year-over-year Signed deals with significant Total Contract Value ("TCV"), including 12 deals over $5 million, and 117 deals over $1 million

FY'18

Revenue for the Combined periods described below was $2.851 billion Non-GAAP revenue for the Combined periods described below was $3.057 billion, of which 82.2% was from Software and Services and 57.4% was from recurring revenue,... More