Avaya reports $738 million revenue

Avaya has reported its financial results up to September 30, 2021, which reveal that total revenue increased 8 per cent year-over-year to $738 million. Cloud, alliance partner and subscription sales represented 44 per cent of revenue, up from 33 per cent a year ago.

Other highlights included annualised recurring revenue of $530 million for the company’s OneCloud product, up 177 per cent from a year ago.

Jim Chirico, president and CEO of Avaya (pictured), explained, “Fiscal year 2021 for Avaya was a year marked by many firsts, and the outstanding results we delivered exceeded expectations on most every front. Most impressive is the fact that we reversed over a decade of annual revenue declines, delivering year over year growth closing up approximately $100 million, while we also grew ARR 177 per cent to $530 million.

“This year marked a real and substantive milestone for the company. I couldn’t be prouder of the performance or more thankful for the commitment of our customers and partners and performance of our global team as we’ve navigated a purposeful and deliberate journey of transformation to be an enterprise cloud leader.”

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Charlotte Hathway

Charlotte is the editor of Comms Business and writes content to inform and educate the Channel about the latest technology and business developments. Got a story? Get in touch – charlotte.hathway@markallengroup.com.

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