Avaya Reports First Quarter Fiscal 2021 Financial Results

Avaya Reports First Quarter Fiscal 2021 Financial Results

PR Newswire

DUBAI, UAE, Feb. 10, 2021

Guidance raised reflecting improved performance across key business metrics

Total revenue increased 4% year-over-year to $743 million

Avaya OneCloud ARR increased 38% sequentially to $262 million

Cloud, Alliance Partner & Subscription revenue grew to 34%

DUBAI, UAE, Feb. 10, 2021 /PRNewswire/ -- Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the first quarter of fiscal 2021 ended December 31, 2020

First Quarter Financial Highlights

"We are pleased to report first quarter results that exceeded expectations across all key metrics. Navigating a very challenging business environment, we emerged from 2020 even stronger. This success reflects the significant progress we continue to make on our transformation into an enterprise leader in cloud-based communications and collaboration solutions," said Jim Chirico, President and CEO of Avaya. "The investments we have made in the business are generating strong traction across all segments in which we operate and, as a result, we are increasing our guidance for revenue, ARR, profitability and CFFO for the fiscal year."

Additional First Quarter Fiscal 2021 Highlights

Customer Highlights

Business Highlights

 

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