Monday, October 23, 2006

Avaya's Quarterly Revenue Rises 5%

Avaya's fourth fiscal quarter 2006 revenues increased five percent to $1.364 billion compared to $1.296 billion in the same period last year. Net income was $48 million or 10 cents per diluted share.

Year-over-year revenues increased in both the company's products and services segments, as well as across all geographic regions. Worldwide product sales rose nine percent compared to the same period last year, with IP line shipments increasing in the high 20 percent range.

"We finished fiscal 2006 with a strong quarter," said Lou D'Ambrosio, president and CEO, Avaya. "The transition by enterprises to IP telephony and Intelligent Communications continued to drive growth in product sales and IP line shipments."

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