Avaya Holdings (AVYA) Q1 Revenue Misses

Avaya Reports First Quarter Fiscal 2019 Financial Results

February 11, 2019 7:30 AM EST

GAAP revenue was $738 million; Non-GAAP revenue was $748 million GAAP operating margin of 6.8%; Non-GAAP operating margin of 22.7% Midmarket cloud revenue grew over 150% year-over-year Strong large deal activity with 3 deals over $10 million, 10 over $5 million, and 83 over $1 million

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the first quarter ended December31, 2018.

GAAP (1) Non-GAAP (2) (In millions, except percentages) Q1 2019 Q4 2018 Q1 2018 Q1 2019 Q4 2018 Q1 2018 Revenue $ 738 $ 735 $ 752 $ 748 $ 770... More