Avaya Reports Revenue of $1.006 Billion

Avaya reported quarterly revenues of $1.006 billion, compared to $950 million in the same period last year. Income from continuing operations was $103 million, or 22 cents per diluted share, compared to a loss of $55 million, or a loss of 15 cents per diluted share, in the same period a year ago.



"We grew revenues, expanded operating margins and increased cash flow. At the same time, we completed the integration of Expanets a full quarter ahead of schedule, reduced debt and took further steps to globalize our business with the announcement of our intent to acquire a majority stake in Tata Telecom," said Don Peterson, chairman and CEO, Avaya. http://www.avaya.com