Avaya Reports First Quarter Fiscal 2020 Financial Results
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UPDATE: Avaya Holdings (AVYA) Misses Q1 EPS by $1.28, Revenues Beat; Offers Q2 Revenues Below Consensus, Offers FY20 Revenue Outlook
February 10, 2020 7:04 AM EST(Updated - February 10, 2020 7:05 AM EST)
Avaya Holdings (NYSE: AVYA) reported Q1 EPS of ($0.54), $1.28 worse than the analyst estimate of $0.74. Revenue for the quarter came in at $715 million versus the consensus estimate of $710.75 million.
First Quarter Financial Highlights
GAAP Operating income was $15 million; Non-GAAP Operating income was $151 millionAdjusted EBITDA was $174 millionCFFO was 2% of revenue, and 8% of revenue when adjusted for one-time strategic deal paymentsCloud, Alliance Partner & Subscription revenue was 18% of revenueRepurchased $132 million of common stock, or 10.7 million shares, at an average price of $12.27 per... More