Wednesday, October 17, 2007

Avaya Posts Q4 Sales of $1.429 Billion, Confirms Pending Privatization

Avaya's Q4 2007 revenues increased 4.8 percent to $1.429 billion compared to $1.364 billion in the same period last year. Net income was $35 million and earnings per share of 8 cents for the fourth fiscal quarter of 2007 on a GAAP basis.

Avaya shipped a record number of IP lines and over one million IP lines for the sixth consecutive quarter. Sales of products increased 7.8 percent, including a 9.5 percent increase in converged voice applications revenues. Services revenues increased 5.4 percent and rental and managed services revenues declined 10.6 percent. U.S. revenues declined by 1.6 percent.

Avaya also confirmed today that the acquisition of the company by affiliates of Silver Lake Partners and TPG Capital is scheduled to close by the end of October.

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