Skip to Main Content.
Site navigation
Fidelity.com Home
  • Customer Service
  • Profile
  • Open an Account
  • Refer a Friend
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Refer a Friend
  • Log Out
  • Accounts & Trade
    • Portfolio Log In Required
    • Portfolio
    • AccountPositions Log In Required
    • AccountPositions
    • Trade Log In Required
    • Trade
    • Active Trader Pro
    • Transfers
    • Cash Management Log In Required
    • Cash Management
    • Bill Pay Log In Required
    • Bill Pay
    • Full View Log In Required
    • Full View
    • Security Settings Log In Required
    • Security Settings
    • Account Features Log In Required
    • Account Features
    • Statements Log In Required
    • Statements
    • Tax Forms & Information
    • Retirement Distributions Log In Required
    • Fidelity Rewards+ Log In Required
    • New Account Checklist Log In Required
  • Planning & Advice
    • What We Offer
    • My Goals
    • Financial Basics
    • Building Savings
    • Robo Investing Plus Financial Advice
    • Wealth Management
    • Find an advisor
    • Retirement
    • Life Events
  • News & Research
    • News
    • Watch List Log In Required
    • Quotes
    • Quotes
    • Alerts Log In Required
    • Mutual Funds
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Markets & Sectors
    • IPOs
    • Annuities
    • Learning Center
    • Notebook
    • Notebook
  • Investment Products
    • Mutual Funds
    • Retirement & IRAs
    • Trading
    • Stocks
    • Fixed Income, Bonds & CDs
    • ETFs
    • Options
    • Sector Investing
    • Cash Management & Credit Cards
    • Managed Accounts
    • 529 College Savings
    • Health Savings Account
    • Annuities
    • Life Insurance & Long Term Care
    • Charitable Giving
  • Why Fidelity
    • The Fidelity Advantage
    • Planning & Advice
    • Trading
    • Straightforward Pricing
    • Insights & Tools
    • Security & Protection
    • About Fidelity
    • Careers
  • Customer Service
  • Profile
  • Open an Account
  • Refer a Friend
  • Log In
  • Customer Service
  • Profile
  • Open an Account
  • Refer a Friend
  • Log Out
Content and data provided by various third parties and Fidelity − Terms of Use
  • Research >
  • Stocks >
  • News & Events >

Stock Details


Find Symbol. Opens in new window.
  • Snapshot
  • Detailed Quote
  • Advanced Chart &
    Technical Analysis Opens in New Window
  • News & Events
  • Compare
  • Analyst Opinions
  • Research Reports
  • Key Statistics
  • Earnings
  • Dividends
  • Ownership & Insiders
  • Financial Statements
  • SEC Filings

RELATED RESOURCES

  • Stock Research Overview
  • Stock Screeners
  • Markets & Sectors
  • Fidelity Learning Center Opens in New Window
Print Format
Change Text Size:
  • Default text sizeA
  • Larger text sizeA
  • Largest text sizeA

Avaya Reports First Quarter Fiscal 2021 Financial Results

BY PR Newswire
— 2:20 PM ET 02/10/2021

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

First Quarter Financial Highlights

  • Revenues of $743 million
  • OneCloud ARR was $262 million, up 38% sequentially
  • CAPS (Cloud, Alliance Partner and Subscription) revenue was 34%, up from 18% a year ago
  • Software and services were 88% of revenue, up from 86% a year ago
  • Recurring revenue was 65%, up from 59% a year ago
  • GAAP Operating income was $62 million; Non-GAAP Operating income was $163 million
  • GAAP Net loss was $4 million; Non-GAAP Net income was $85 million
  • Adjusted EBITDA was $190 million, 25.6% of revenue
  • Ending cash and cash equivalents were $750 million
  • GAAP Loss Per Share of $0.06; Non-GAAP Earnings Per Share of $0.90

"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

  • Total Contract Value (TCV) of $2.2B*
  • Avaya OneCloud Subscription booked additional TCV of over $180 million during the December quarter
  • Added over 1,600 new logos
  • Significant large deal activity with 119 deals over $1 million TCV, 14 over $5 million, 6 over $10 million and 3 over $25 million
  • Avaya Cloud Office™ launched in Austria, Belgium, Germany, Italy, and Spain.
  • The Company is launching a Term Loan Amendment transaction today to extend the maturity of its outstanding Tranche B Term Loans due December 2024 to September 2027. In connection with the Amendment, the Company will make a $100 million prepayment of the existing Tranche B Term Loans.

Customer Highlights

  • Avaya Spaces was chosen by Dubai World Trade Centre to be the workstream collaboration platform enabling blended conference experiences, beginning with Gitex Technology week in December 2020. Gitex is the largest technology event of its kind, and the only one to go live in 2020. In a truly global event, over 30,000 virtual attendees used Spaces to engage with 350 technology experts representing 30 countries.

Business Highlights

  • Avaya Earned the Frost & Sullivan Award for Excellence in Healthcare Solutions.
  • Avaya named one of 2021 America's Most Responsible Companies by Newsweek magazine based on key performance indicators derived from CSR Reports, Sustainability Reports, and Corporate Citizenship Reports, as well as an independent survey of U.S. residents.
  • TrustRadius recognized Avaya with the 2020 Tech Cares Award for going above and beyond to provide global communities, clients, and frontline workers with support during the COVID-19 crisis.
  • Avaya Spaces placed in Leaders category in IDC MarketScape: European Collaboration Tools for Education 2020 Vendor Assessment.

 

Cision View original content:http://www.prnewswire.com/news-releases/avaya-reports-first-quarter-fiscal-2021-financial-results-301226253.html

SOURCE Avaya Holdings Corp. (AVYA)

More AVYA News

  • BRIEF-Avaya Holdings Posts Q1 Adj Earnings Per Share $0.90
    Reuters - 6:55 AM ET 02/09/2021
  • Avaya Reports First Quarter Fiscal 2021 Financial Results
    Business Wire - 6:45 AM ET 02/09/2021
  • Dennis Kozak of Avaya Recognized as 2021 CRN® Channel Chief for Exceptional Leadership and Commitment to the Success of Avaya’s Global Channel Partner Network
    Business Wire - 10:00 AM ET 02/08/2021
Fidelity Investments. Copyright 1998–2021 FMR LLC. 
All rights reserved. 

  • Terms of Use|
  • Privacy|
  • Security|
  • Site Map 
Close