Avaya Third Quarter Fiscal Financial Results

Avaya has announced financial results for its third fiscal quarter of 2019.

The company’s transformation continues, and it is demonstrating steady progress across the business in delivering innovation and achieving exceptional experiences.

Here are some highlights of the continued strong operational performance:

• For the quarter, non-GAAP revenue was $720 million, Adjusted EBITDA was $167 million, and the company generated $52 million in cash flow from operations.
• Revenue from software and services increased to 83.6%, and recurring revenue was 59.3%.
• Avaya added approximately 1,400 new customers, winning new business from competitors and delivering compelling value to customers. This momentum is continuing into the current quarter, including two major wins signed with the U.S. federal government.
• Public cloud seats grew over 170% year-over-year and 24% sequentially, as total cloud seats came in at 3.6 million for the quarter.

Investments in customer-focused innovation continue to be recognized by third-party industry analysts. This quarter, IDC recognized Avaya’s leadership in their 2019 Worldwide Unified Communications and Collaboration Marketscape.

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