December 22, 2017 / 10:43 PM / 9 months ago

BRIEF-Avaya Says Q4 Revenue $790 Million

Dec 22 (Reuters) - Avaya Holdings Corp:

* AVAYA REPORTS FOURTH QUARTER AND FISCAL 2017 FINANCIAL RESULTS

* Q4 REVENUE $790 MILLION

* QTRLY GROSS MARGIN 62.7%, NON-GAAP GROSS MARGIN 63.2%,

* QTRLY OPERATING INCOME OF $64 MILLION, QTRLY NON-GAAP OPERATING INCOME OF $178 MILLION OR 22.5% OF REVENUE

* TOTAL REVENUE FOR Q4 WAS $790 MILLION, DOWN $13 MILLION COMPARED TO PRIOR QUARTER

* IN QUARTER, LOWER DEMAND FOR PRODUCTS AND SERVICES PRIMARILY DUE TO EXTENDED PROCUREMENT CYCLES RESULTING FROM CHAPTER 11 FILING

* AVAYA - REDUCTION OF DEBT AND CERTAIN OTHER LONG-TERM OBLIGATIONS WILL IMPROVE ANNUAL CASH FLOW BY APPROXIMATELY $300 MILLION COMPARED TO FISCAL 2016 Source text for Eikon: Further company coverage:

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