Avaya's Q2 points to cloud transition

Avaya's move to SaaS and cloud continues with revenues from software and services reaching 88% of $682m for the period, according to its Q2 results. 

Recurring revenue was 64% of the total, up five points sequentially, but overall revenues of $682m meant a GAAP operating loss of $597m. Non-GAAP Operating income was $125m. The net loss was $672 which includes a non-cash goodwill impairment charge of $624m.

Jim Chirico, President and CEO, said: “The last several weeks have driven home the importance of communication and collaboration technology for all of us and especially the need for modernisation of existing investments and infrastructure. The company has improved on all key strategic metrics as we continue the move to a SaaS and cloud model.”

Related Topics

Share this story