Avaya revenue dips to $904 million in Q2

Avaya in a trade event
Avaya said its revenue fell 9 percent to $904 million in the second quarter of 2016. The drop in Avaya revenue was due to decrease in demand for unified communications products.

The US-based technology company made a net loss of $103 million in Q2 2016 against a net loss of $22 million in Q2 2015.

“Avaya’s second fiscal quarter results reflect advancement of our transformation as a software and services company and the impact of ongoing pressures in the global economy,” said Kevin Kennedy, president and CEO of Avaya.

Contact center revenue of Avaya grew 8 percent, cloud & managed services revenue rose 7 percent, and fabric networking solutions revenue increased over 20 percent in Q2.

Avaya generated 56 percent revenue from U.S., 24 percent from EMEA, 11 percent from Asia Pacific and 9 percent from Americas International.

Related News

Latest News

Latest News