Avaya Reports Third Quarter Fiscal 2021 Financial Results

Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the third quarter of fiscal 2021 ended June 30, 2021.

Third Quarter Financial Highlights

  • Revenues of $732 million, up 2% from a year ago
  • OneCloud ARR was $425 million, up 23% sequentially
  • CAPS (Cloud, Alliance Partner and Subscription) was 40% of revenue, up from 30% a year ago
  • Software and services were 88% of revenue, down from 89% a year ago
  • Recurring revenue was 64%, flat to 64% a year ago
  • GAAP Operating income was $41 million; Non-GAAP Operating income was $146 million
  • GAAP Net income was $43 million; Non-GAAP Net income was $73 million
  • Adjusted EBITDA was $173 million, 23.6% of revenue, down 230 basis points year over year
  • Ending cash and cash equivalents were $562 million
  • GAAP Earnings Per Share of $0.43; Non-GAAP Earnings Per Share of $0.75

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