Avaya Holdings (AVYA) Cuts Q3 Revenue Guidance (earlier)
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Avaya Appoints Alan Masarek as President and CEO
July 28, 2022 5:05 PM EDTIndustry Veteran Brings Over 30 Years of Software and Cloud-Based Business Experience to Lead Avayas Business Model Transformation
RALEIGH-DURHAM, N.C.--(BUSINESS WIRE)-- Avaya Holdings Corp. (NYSE: AVYA) today announced that Alan Masarek has been appointed as its President and CEO and as a member of Avayas Board of Directors, effective August 1, 2022. Mr. Masarek will succeed Jim Chirico, who will be removed from his positions as President and CEO of Avaya, effective August 1, 2022, and is resigning as a member of Avayas Board. Mr. Chirico will remain... More
Avaya Announces Certain Preliminary Third Quarter Fiscal 2022 Financial Results
July 28, 2022 5:00 PM EDTRALEIGH-DURHAM, N.C.--(BUSINESS WIRE)-- Avaya Holdings Corp. (NYSE: AVYA) today announced certain preliminary financial results for the third quarter ended June 30, 2022 and expects to release full results for the third quarter on August 9, 2022.
Based on the information currently available for the third quarter ended June 30, 2022, the company expects revenue to be between $575 million and $580 million, compared to guidance of $685 million to $700 million, and Adjusted EBITDA to be between $50 million and $55 million, compared to guidance of $140 million to $150 million.1 The company is also finalizing testing of its goodwill and intangible... More
