Sunday, January 22, 2006

Avaya's Revenues Rise 9% to $1.2 Billion

Avaya's quarterly revenues increased 8.8% $1.249 billion, compared to revenues of $1.148 billion in the first fiscal quarter of 2005. The first quarter of 2006 included the full quarter contribution from the Tenovis acquisition. Avaya said its Global Communications Systems revenues rose 11.7% year-over-year and Avaya Global Services revenues increased 5.8% over the same period.

Net income from continuing operations was $71 million or 15 cents per diluted share, compared to $33 million or seven cents per diluted share for the same period last year.

During the quarter, Avaya shipped its eight millionth IP line, with shipments increasing 16% compared to the year ago quarter.