Avaya Holdings (AVYA) Misses Q3 EPS by 71c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus
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Avaya Reports Third Quarter Fiscal 2020 Financial Results
August 10, 2020 7:00 AM EDT
GAAP Revenues of $721 million represented year-over-year growth
Revenue from Software and Services was 89%, a new record; Recurring revenue was 64%
Cloud, Alliance Partner & Subscription revenue increased from 23% to 30% of revenue
Booked ~$130 million of Avaya OneCloud Subscription Total Contract Value (TCV)
SANTA CLARA, Calif.--(BUSINESS WIRE)-- Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the third quarter ended June 30, 2020.
Third Quarter Financial Highlights
Revenues of $721 million GAAP Operating income was $53 million;... More