Avaya Reports Fourth Quarter and Fiscal 2019 Financial Results
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UPDATE: Avaya Holdings (AVYA) Reports Q4 Revenues Miss; Offers Q1 & FY20 Revenue Guidance Below Consensus
November 20, 2019 7:07 AM EST(Updated - November 20, 2019 7:07 AM EST)
Avaya Holdings (NYSE: AVYA) reported Q4 revenue for the quarter came in at $726 million versus the consensus estimate of $747.01 million.
"Avaya made significant progress positioning the company for future growth and accelerating our relevance in cloud during fiscal 2019, stated Jim Chirico, president and CEO of Avaya. Notably, we grew our public cloud seats by approximately 160% year over year; we launched ReadyNow, an enterprise-class private cloud solution, and have already booked $90 million of total contract value; we announced a Microsoft partnership to bring our next... More
