Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the first quarter of fiscal 2022 ended December 31, 2021.
- Revenues of $713 million
- OneCloud ARR (Annualized Recurring Revenue) was $620 million, up 17% sequentially and 137% from a year ago
- CAPS (Cloud, Alliance Partner and Subscription) was 44% of revenue, up from 34% a year ago
- Software and Services were 86%; Software was 62% of total revenue
- Recurring revenue was 66% of revenue, up from 65% a year ago
- GAAP Operating loss was $1 million and Non-GAAP Operating income was $102 million
- GAAP Net loss was $66 million and Non-GAAP Net income was $40 million
- Adjusted EBITDA was $129 million, 18% of revenue, down 750 basis points year over year
- GAAP Diluted Loss Per Share of $0.79 and Non-GAAP Diluted Earnings Per Share of $0.42
- Ending cash and cash equivalents were $354 million
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