Avaya Reports Third Quarter Fiscal 2018 Financial Results

Posted Date: 
10 Aug 2018
Source: 
Company press release
  • Named to the Gartner's Leaders Quadrant for both Contact Center and Unified Communications Magic Quadrants
  • Continued strong cash generation of $83 million from operating activities
  • Grew cloud MRR in Midmarket/SMB by 43% and Enterprise by 107% quarter-over-quarter
  • Gained strength in our core business, with third consecutive quarter of increased booking
SANTA CLARA, Calif.--(BUSINESS WIRE)--Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the third quarter and first nine months of fiscal 2018 ended June 30, 2018.
GAAP revenue was $692 million, including $2 million related to Avaya’s former Networking business, which was sold on July 14, 2017. Revenue for the second quarter of fiscal 2018, was $672 million, including $1 million related to the Networking business. Revenue for the third quarter of fiscal 2017 ended June 30, 2017 was $803 million, including $54 million related to the Networking business.
Non-GAAP revenue adjusted to further exclude the revenue of the Networking business was $753 million for the third quarter of fiscal 2018, $3 million lower than the prior quarter, and $4 million higher than the third quarter of fiscal 2017, with both changes resulting primarily from the impact of foreign currency translation.