NEWS & EVENTS
Avaya Announces Preliminary Fiscal First Quarter 2013 Results And Reporting Date
Use of Non-GAAP (Adjusted) Financial Measures
We believe that including supplementary information concerning adjusted EBITDA is appropriate to provide additional information to investors to demonstrate compliance with our debt agreements and because it serves as a basis for determining management compensation. In addition, we believe adjusted EBITDA provides more comparability between our historical results and results that reflect purchase accounting and our current capital structure. Accordingly, adjusted EBITDA measures our financial performance based on operational factors that management can impact in the short-term, namely the company’s pricing strategies, volume, costs and expenses of the organization.
The Company currently expects to provide reconciliations of the non-GAAP measures included in this release to their most directly comparable GAAP financial measures in its next SEC report in which financial results for the quarter ended December 31, 2012 are included.
The preliminary financial data included in this release has been prepared by, and is the responsibility of, the Company’s management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled or performed any procedures with respect to the accompanying preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.