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Avaya revenues fall more than expected in June quarter

Friday 10 August 2018 | 09:26 CET | News
Avaya reported a drop in results for its fiscal third quarter to June, hurt by negative currency effects and the sale of its networking business. Revenues declined 13.8 percent to USD 692 million, below the company's guidance, and the gross margin dropped to 50.9 percent from 61.4 a year ago. Adjusted EBITDA was down to USD 175 million from USD 204 million, in line with the outlook, while the net loss reduced slightly, to USD 88 million from USD 98 million. 

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Categories: Fixed
Companies: Avaya
Countries: World
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