Tuesday, April 24, 2007

Avaya Posts Quarterly Revenue of $1.24 Billion, up 4.5%

Avaya's second fiscal quarter 2007 revenues increased 4.5 percent to $1.294 billion compared to $1.238 billion in the same period last year. Sales of products grew 8 percent year over year, led by a 15 percent increase in sales of converged voice applications. Net income was $57 million and earnings per share of 13 cents for the second fiscal quarter of 2007 on a U.S. generally accepted accounting principles (GAAP) basis.

"In the second quarter we generated strong growth across our strategic initiatives -- IP telephony, applications and professional services -- while maintaining our cost and expense management and delivering solid bottom line results," said Lou D'Ambrosio, president and CEO, Avaya. "As we move through the second fiscal half of 2007, we remain focused on delivering value through transforming our company around Intelligent Communications and creating customer impact through market-leading communications solutions."http://www.avaya.com

See also