Avaya Reports Revenues of $971 Million, up 3%

Avaya reported quarterly revenues of $971 million, up 3% over the year ago period. Income from continuing operations was $30 million, o $0.07 per diluted share. These results compare to a loss of $125 million or a loss of $0.34 per share for the same period last year.



Avaya said the quarterly revenues were essentially unchanged from revenues in the preceding quarter, which reflected a seasonal revenue ramp-up associated with the end of the company's fiscal year. Avaya noted IP line shipments and IP revenues increased globally from the fourth quarter across large and small customers.



Gross margin in the quarter increased substantially to 46.1% from 41.9% a year ago. http://www.avaya.com