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Avaya Releases Q3 Revenue Numbers

TMCnet Feature

August 08, 2014

Avaya Releases Q3 Revenue Numbers

By Oliver VanDervoort
Contributing Writer

One of the biggest and most successful providers of business communication and collaborations systems, Avaya recently announced its third quarter fiscal numbers. Those numbers paint a picture of a company that is far from struggling, but overall the revenues especially were not as good as backers of the firm might have hoped. The company announced that total revenue for the third quarter ended up being about $6 million less than the previous quarter. The company is also struggling a bit when compared to the previous year. The revenue numbers were off by more than $62 million from the same quarter of 2013.

Despite those numbers, head executives at the firm are still claiming that in total, the company is going strong. "Avaya (News - Alert)'s third quarter results reflected revenues which were in line with recent historical sequential seasonality and further strength in margins," said Kevin Kennedy (News - Alert), president and CEO. "The company continues to demonstrate strong execution of our strategy to broaden our innovative product portfolio and drive our sales and services transformation addressing both the enterprise and mid-market segments."  

When talking about Avaya’s Global Services Revenues, the numbers were actually up to $543 million. That number is actually a 2.8 percent increase over the prior quarter. That might actually just mean that 2014 is simply not as solid a year for the company as 2013 was since the number is actually a 2.3 percent decrease over the same period of time last year.

The company struggled the most when it came to the United States. In the U.S., revenues were more than cut in half from one quarter to another with a total decrease of 52 percent. There were plenty of other regions in which revenue took a downturn in this quarter but Asia-Pacific and the America’s International were the least damaging to the firm. In those regions, revenues were “only” down by 10 percent.

Edited by Maurice Nagle

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