Avaya Reported Fourth Quarter Financial Results

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Avaya announced its financial results for the fourth quarter of 2016 and fiscal year ended September 30, 2016. According to the statement, for the fourth quarter, total revenue was $958 million, which increased $76 million compared to last quarter, but dropped $50 million compared to the same period last year. The decline was due to the lower demand for unified communications hardware, according to the company. Gross margin decreased to 60.9% from 61.1% the same period last year. In addition, adjusted EBITDA increased to $284 million, which is 29.6% of revenue, compared to the 24.4% of revenue for the fourth quarter of last year.

For the whole year 2016, total revenue was $3,702 million, which decreased 9% compared to the same period last year. Gross margin rose to 60.6% compared to 59.5% for 2015. Adjusted EBITDA reached $940 million revenue, compared to $900 million for the same period last year.

“Avaya’s fourth fiscal quarter results reflect the strength of our technology portfolio, with major competitive wins at government agencies and enterprise customers across networking, contact center and private cloud services underpinned by continued transformation of the company to a superior operating model,” Kevin Kennedy, the president and CEO of Avaya, said in the statement.

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