Avaya Reports Selected Additional Preliminary Third Quarter Fiscal 2022 Financial Results and Provides Business Updates

Avaya Holdings Corp. (NYSE: AVYA) (“Avaya” or “the Company”) today reported selected additional preliminary financial results for the third quarter of fiscal 2022 ended June 30, 2022. All financial results for the third quarter ended June 30, 2022 and related comparisons to prior periods included in this release are preliminary, have not been reviewed or audited, are based on the Company’s estimates and were prepared prior to the completion of the Company’s financial statement close process.

Preliminary Third Quarter Financial Results Highlights

Revenues of $577 million, down 20% year over year in constant currency

OneCloud ARR (Annualized Recurring Revenue) was approximately $838 million, up 12% sequentially and 97% from a year ago

CAPS (Cloud, Alliance Partner and Subscription) was 53% of revenue, up from 40% a year ago

Software and Services were 88% of revenue; Software was 62% of revenue