Benzinga | Feb 9, 2021 07:09AM EST

Avaya: Q1 Earnings Insights



Shares of Avaya Hldgs (NYSE:AVYA) rose 0.8% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 20.00% year over year to $0.90, which missed the estimate of $0.95.

Revenue of $743,000,000 up by 3.92% year over year, which beat the estimate of $723,730,000.

Outlook

Q2 EPS expected to be between $0.70 and $0.82.

Q2 revenue expected between $710,000,000 and $725,000,000.

Details Of The Call

Date: Feb 09, 2021

Time: 08:30 AM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestors.avaya.com%2F&eventid=2948515&sessionid=1&key=26FDD1AA74E8F0EF2E48BCD9618E9153&regTag=&V2=false&sourcepage=register

Technicals

52-week high: $25.83

52-week low: $6.13

Price action over last quarter: Up 58.44%

Company Profile

Avaya Holdings Corp provides digital communications products, solutions, and services for businesses. The company has two operating segments namely Products and Solutions, and Services. Products and Solutions offer Unified Communications and Contact Center platforms, applications and devices. It helps to offer an open, extensible development platform so that customers and third parties can easily create custom applications and automated workflows for their unique needs. Whereas Services consists of three business areas: Global Support Services, Enterprise Cloud and Managed Services and Professional Services. The company generates maximum revenue from the Services segment. Geographically, it derives a majority of revenue from the U.S.