Monday, January 24, 2005

Avaya Reports Quarterly Revenue of $1.148 Billion, up 18%

Avaya reported quarterly revenue of $1.148 billion, up 18% compared to a year earlier. The revenue increase largely reflected the impact of recent acquisitions and favorable currency rates. Excluding these two items, revenues grew at double-digit rates in all regions except the United States where sales were essentially unchanged versus the year ago period. Income from continuing operations of $33 million or seven cents per diluted share.

Avaya said its fiscal 2005 goals are to increase revenues between 25 and 27 percent compared to fiscal 2004 revenues of $4.055 billion, grow operating income by 40 percent compared to $311 million in fiscal 2004 and raise annualized operating margin to between 8.5 and 9 percent compared to 7.7 percent last year.

Avaya noted the shipment milestone of its five millionth IP telephony line.

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