Avaya Reports Second Quarter Fiscal 2021 Financial Results
Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the second quarter of fiscal 2021 ended March 31, 2021.
Second Quarter Financial Highlights
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Revenues of
$738 million , up8% from a year ago -
OneCloud ARR was
$344 million , up31% sequentially -
CAPS (Cloud, Alliance Partner and Subscription) was
40% of revenue, up from23% a year ago -
Software and services were
90% of revenue, up from88% a year ago -
Recurring revenue was
66% , up from64% a year ago -
GAAP Operating income was
$44 million ; Non-GAAP Operating income was$148 million -
GAAP Net loss was
$58 million ; Non-GAAP Net income was$72 million -
Adjusted EBITDA was
$177 million ,24.0% of revenue, up 220 basis points year over year -
Ending cash and cash equivalents were
$593 million -
GAAP Loss Per Share of
$0.70 ; Non-GAAP Earnings Per Share of$0.74
“We drove solid second quarter results which highlight the company’s continuing momentum. But more importantly, they represent the significant work and strategic investments we have been making over the last few years to reshape our company and portfolio to be a leader in enterprise communications and collaboration,” said Jim Chirico, president and CEO of Avaya. “The playbook for our industry is not a secret. It is all about how you execute and I couldn’t be more delighted with our performance, which is why we are again raising guidance across several key financial metrics.”
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Non-GAAP (1) |
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2Q21 |
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1Q21 |
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2Q20 |
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2Q21 |
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1Q21 |
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2Q20 |
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Revenue |
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$ |
738 |
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AVYA
NYSE:AVYAAVYA RankingsAVYA Latest NewsAVYA Stock DataAbout AVYABusinesses are built by the experiences they provide, and every day millions of those experiences are delivered by Avaya Holdings Corp.. Avaya is shaping what's next for the future of work, with innovation and partnerships that deliver game-changing business benefits. Tha Company's cloud communications solutions and multi-cloud application ecosystem power personalized, intelligent, and effortless customer and employee experiences to help achieve strategic ambitions and desired outcomes. Together, it is committed to help grow its customer's business by delivering Experiences that Matter.
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