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Avaya revenues down, profits improve in Q4
2013-11-21 08:57:00| Telecompaper Headlines
(Telecompaper) Avaya reported revenues for its fiscal fourth quarter to September of USD 1.2 billion, down 6 percent from a year earlier but 4 percent higher versus the previous quarter. Adjusted EBITDA improved to USD 295 million from USD 267 million a year earlier, and adjusted operating profit rose to USD 244 million from USD 206 million. Net profit rose to USD 23 million from USD 10 million in the year-ago quarter. After cash flow from operations of USD 52 million in the period, Avaya finished September with total cash of USD 288 million. Revenues over the full year fell 9 percent to USD 4.7 billion, and adjusted operating profit was unchanged at USD 721 million. For the coming year, Avaya said it remains focused on broadening its product portfolio and improving go-to-market alignment.
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Category:Telecommunications