Avaya Reports Second Quarter Fiscal 2020 Financial Results

Santa Clara, Calif., – May 11, 2020 – Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the second quarter ended March 31, 2020.

Second Quarter Financial Highlights

  • Revenues of $682 million
  • GAAP Operating loss was $597 million; Non-GAAP Operating income was $125 million
  • Net loss was $672 million, which includes a non-cash goodwill impairment charge of $624 million
  • Adjusted EBITDA was $149 million
  • 79 deals signed with a TCV of over $1 million
  • Repurchased an additional $198 million of common stock in the quarter. As a result, we have repurchased a total of 28.9 million shares since program inception, achieving our FY20 target
  • Ending cash and cash equivalents were $553 million

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