Avaya Reports Relatively Flat Quarterly Revenue of $1.072 billion

Avaya reported quarterly revenue of $1.072 billion, slightly below revenue of $1.081 billion for the preceding quarter. The company reported net income of $8 million and earnings per diluted share of $0.02 per share. Avaya noted its cash balance increased for the fourth straight quarter to $843 million. Net debt decreased to $150 million and is at the lowest level it has been since the company became an independent business.
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