Avaya sets 'personal best' in Q3 financials

Avaya set a 'personal best' with 89% of total revenue generation from software and services according to its Q3 financial results.

The company also reported GAAP revenues of $721m  with recurring revenues of 64%, UP 5 points year-over-year. Its Cloud, Alliance Partner & Subscription revenue increased from 23% to 30% of revenue.

Jim Chirico, President and CEO, stated: “Response to our Subscription offering continues to be strong with just over $200M of TCV having been booked since its launch back in Q1.  

"This offering answers a clear demand from customers for flexibility and a seamless path to move to the cloud at a time and pace they choose.”

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