Avaya quarterly revenues fall more than expected

Tuesday 9 February 2016 | 09:33 CET | News
Avaya reported revenue for its fiscal first quarter to Decemner of USD 958 million, down by USD 50 million compared to the prior quarter and USD 121 million less year-over-year. This was below the company's expected range. Adjusted EBITDA fell to USD 228 million from USD 239 million for the first quarter of fiscal 2015, and adjusted operating profit dropped to USD 185 million from USD 193 million a year ago. Avaya said its margins improved in the quarter as it continues the shift to a software-based model, while it also posted positive free cash flow and executed its cost reduction

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Categories: Fixed
Companies: Avaya
Countries: World
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