Avaya Q2 fiscal 2014 revenue dips 2.4%, net loss of $96 million

Enterprise communications vendor Avaya today said its second quarter fiscal (Q2 2014) revenue dipped 2.4 percent to $1,060 million. It has posted $96 million net loss against $192 million net loss in the corresponding period previous fiscal.

Kevin Kennedy, president and CEO of Avaya, said: “We believe the overall market environment continues to provide growth opportunities for Avaya. Our portfolio is aligned to customers’ needs and we are tuning our organization to deliver a broad set of products, software, and services.”

Avaya said product revenue increased 0.6 percent to $532 million.

Avaya Global Services revenue decreased 5.2 percent to $528 million.

Gross margin was 56.3 percent compared to 53.3 percent for the second quarter of fiscal 2013. Operating income was breakeven ($0 million) compared to $12 million for the second quarter of fiscal 2013

Avaya said U.S. revenue was 50 percent of total revenue, Asia-Pacific 11 percent, EMEA 29 percent and Americas International 10 percent.

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