Avaya Reports Third Quarter Fiscal 2020 Financial Results
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Avaya Holdings (AVYA) Misses Q3 EPS by 71c, Revenues Beat; Offers 4Q & FY20 Revenue Guidance Above Consensus
August 10, 2020 7:03 AM EDTAvaya Holdings (NYSE: AVYA) reported Q3 EPS of $0.08, $0.71 worse than the analyst estimate of $0.79. Revenue for the quarter came in at $721 million versus the consensus estimate of $686.74 million.
Third Quarter Financial Highlights
Revenues of $721 millionGAAP Operating income was $53 million; Non-GAAP Operating income was $164 millionNet income was $9 millionAdjusted EBITDA was $187 million, 25.9% of revenue104 deals signed with a TCV of over $1 million, 7 deals over $10 million TCVEnding cash and cash equivalents were $742 millionJim Chirico, President and CEO of Avaya stated, We delivered strong quarterly results... More
