AVYA - Avaya Holdings Non-GAAP EPS of $0.42 misses by $0.27 revenue of $713M misses by $22.69M

Avaya Holdings press release (NYSE:AVYA): Q1 Non-GAAP EPS of $0.42 misses by $0.27. Revenue of $713M (-4.0% Y/Y) misses by $22.69M. Shares -0.73% PM. Guidance: 2Q22 revenue expected to be $730M -$745M vs consensus of $731.1M .GAAP operating income of $29 million to $39 million; GAAP operating margin of 4% to 5%. Non-GAAP operating income of $126 million to $136 million; non-GAAP operating margin of 17% to 18%. Adjusted EBITDA of $155 million to $165 million; Adjusted EBITDA margin of 21% to 22%. Non-GAAP EPS of $0.58 to $0.66 vs consensus of FY22 revenue expected to be $2.975B -$3.025B vs consensus of $3.01B. OneCloud ARR expected to be $900 million to $920 million by year end FY22. CAPS revenue will represent between ~45% and 50% of Avaya's total revenue for FY22. GAAP operating income of $179 million to $199 million; GAAP operating margin of 6% to 7%. Non-GAAP operating income of $561 million to $581 million;

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Avaya Holdings Non-GAAP EPS of $0.42 misses by $0.27, revenue of $713M misses by $22.69M