UPDATE: Avaya Holdings (AVYA) Misses Q1 EPS by $1.28, Revenues Beat; Offers Q2 Revenues Below Consensus, Offers FY20 Revenue Outlook

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Go back to UPDATE: Avaya Holdings (AVYA) Misses Q1 EPS by $1.28, Revenues Beat; Offers Q2 Revenues Below Consensus, Offers FY20 Revenue Outlook

Avaya Reports First Quarter Fiscal 2020 Financial Results

February 10, 2020 7:00 AM EST

$715 million 1Q FY20 GAAP revenue; $717 million 1Q FY20 Non-GAAP revenue

Cloud, Alliance Partner & Subscription revenue was 18%

Repurchased 10.7 million shares of stock and paid down $250 million of long-term debt

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the first quarter ended December 31, 2019.

First Quarter Financial Highlights

GAAP Operating income was $15 million; Non-GAAP Operating income was $151 million Adjusted EBITDA was $174 million CFFO was... More