Avaya revenue dips 5.2% to $999 million in Q3

Avaya said its revenue fell 5.2 percent to $999 million in the third fiscal quarter ended June 30, 2015 — primarily due to foreign exchange fluctuations.

Kevin Kennedy, president and CEO of Avaya, said: “In the second half of the calendar year, Avaya will continue to address our cost structure while driving our sales and marketing transformation to build momentum in cloud, networking and midmarket, as well as in our team and customer engagement solutions.”
Avaya CEO and President  Kevin Kennedy
The total future contracted value for private cloud and managed services increased 17 percent from the third quarter of fiscal 2014, ending the quarter at over $800 million.

Avaya generated 54 percent revenue from U.S., 26 percent from EMEA, 11 percent from Asia-Pacific and 9 percent from Americas International.

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