Avaya Quarterly Income Rises, but US Revenue Falls

Communications equipment maker Avaya said on Tuesday its quarterly net income rose, although revenue fell slightly due to weaker U.S. sales.

Avaya said its fiscal third-quarter income rose to $55 million, or 12 cents per share, from $44 million, or 10 cents a share, in the same quarter a year earlier.

Revenue fell 1.6 percent to $1.276 billion, the company said. U.S. revenues fell 8 percent.

Avaya recently agreed to be acquired by private equity firms TPG Capital and Silver Lake.

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