AVYA - Avaya shares leaps 11.3% after FQ4 earning beat
Avaya (NYSE:AVYA) shares are surging 11.4% PM after earnings top Q4 estimates. GAAP Net income was $6M and Non-GAAP Net income was $74M; for fiscal 2021 GAAP Net loss was $13M and Non-GAAP Net income was $304M The company beat the Q4 rev by $21.3M to 760M a 0.4% an increase Y/Y, and FY21 revenue $2.97B an increase of 3.5% Y/Y Adjusted EBITDA was $179M, 23.6% of revenue, down 290 basis points Y/Y; for fiscal 2021 Adjusted EBITDA was $719M, 24.2% of revenue. Metrics: Avaya OneCloud ARR for Q4 increased 177% Y/Y to $530M Cloud, Alliance Partner and Subscription revenue was a record 44% for Q4 and 40% for FY21 Signed 119 deals with TCV greater than $1M, 18 over $5M and 7 over $10M in Q4 Guidance 1Q22: Revenue of $725 million to $745 million vs. $748.6M consensus. GAAP operating income of $33 million to $48 million vs. $62M in 1Q21; GAAP operating margin
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Avaya shares leaps 11.3% after FQ4 earning beat