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Avaya Holdings Corp.

investors.avaya.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2022 10-K, filed Sep 8, 2023. Its latest SEC filing is a SC 13G/A from Feb 15, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides global support and managed services for communications systems, alongside contact-center and unified-communications software, applications and devices, to businesses and government organizations.

How Did They Make Money?

Customers buy one-time software licenses and hardware when the software is made available or equipment is delivered; they pay over contract terms for subscriptions, cloud, managed and support services. Invoices typically go out upon acceptance or monthly for a series of services, with payment typically due within 30 to 60 days.

FY2022 revenue

Who Were Their Customers?

Serves small and medium-sized businesses, multinational enterprises and government organizations across many industries. Customers buy directly from Avaya or through channel partners, including distributors, service providers, dealers, resellers and systems integrators.

Customers above 10% of revenue, FY2022
of revenue from one customer
FY2021: 7% from one customer

Did Revenues Turn Into Profits?

No. It lost $2.1B in FY2022.

Operating income, FY2022
−76% of revenue
▼ Now a loss vs FY2021 ($180M, 6%)
Net income, FY2022
−84% of revenue
▲ +16023% (Loss) vs FY2021 (−$13M, 0%)

How Were They Changing?

Cloud and subscriptions The earlier report said unified-communications and contact-center products were evolving for cloud deployment and described OneCloud; the latest says the portfolio added cloud-based solutions and offers subscription models across cloud and on-premises deployments.

Professional services Earlier, professional services covered the solution lifecycle; the latest report says the team has refocused on client needs and cloud migration, with work moving from implementations toward migration consulting.

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