(AVYA) – Avaya Shares Pop On Q4 Beat, OneCloud ARR Clocks 177% Growth


Avaya Holdings Corp (NYSE: AVYA) reported fourth-quarter FY21 income of $760 million, up 0.7% year-on-year, beating the consensus of $738.5 million. Non-GAAP EPS of $0.77 beat the consensus of $0.72.

  • Segments: Income from merchandise declined 8.6% Y/Y to $246 million. Providers income elevated 5% Y/Y to $514 million.
  • OneCLoud ARR (annual recurring income) rose 177% Y/Y to $530 million. CAPS (Cloud, Alliance Associate, and Subscription) elevated 33% Y/Y.
  • ~60% of OneCloud Annual recurring income got here from clients producing $1 million or extra in ARR.
  • Margins: The non-GAAP gross margin contracted 90 bps to 60.4%.
  • Adjusted EBITDA margin contracted 290 bps to 23.6%.
  • Avaya used $5 million in working money circulation and held $498 million in money and equivalents.
  • “Most spectacular is the truth that we reversed over a decade of annual income declines, delivering 12 months over 12 months progress closing up roughly $100 million, whereas we additionally grew ARR 177% to $530 million,” CEO Jim Chirico mentioned.
  • Outlook: Avaya sees Q1 FY22 income of $725 million – $745 million, beneath the consensus of $747.7 million. Avaya sees non-GAAP EPS of $0.63 – $0.75, beneath the consensus of $0.79.
  • Avaya sees FY22 income of $2.975 billion – $3.025 billion versus the consensus of $2.98 billion. Avaya sees non-GAAP EPS of $2.85 – $3.03, beneath the consensus of $3.16.
  • Avaya sees FY23 income progress of low- to mid-single-digit and FY24 income progress of mid-to-high single-digit % vary year-over-year.
  • Value Motion: AVYA shares traded larger by 8.45% at $19.50 within the premarket session on the final examine Monday.

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