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NEWS & EVENTS
Avaya Reports Fourth Quarter and Fiscal Year 2015 Financial Results
- Revenue of $1,008 million
- Operating Income of $100 million, Non-GAAP Operating Income(1) of $202 million
- Adjusted EBITDA(1) of $246 million, 24.4% of revenue
- Revenue of $4,081 million
- Operating Income of $371 million, Non-GAAP Operating Income(1) of $718 million
- Adjusted EBITDA(1) of $900 million, 22.1% of revenue
- Record levels for Product Gross Margin and Service Gross Margin
- Product book-to-bill for the quarter was greater than 1.0. Total bookings for the fourth quarter were 3% below the prior year in constant currency
- Total revenue under contract was $3.0 billion and increased 1% from the fourth quarter of fiscal 2014 in constant currency. Included in revenue under contract is contracted revenue for private cloud and managed services which increased 11% from the fourth quarter of fiscal 2014 in constant currency, ending the quarter at over $800 million
- Revenue from flagship products and services accounted for a record 49% of total revenue and revenue from core products and services accounted for 43% of total revenue
- Gross margin was 61.1% compared to 58.5% for the prior quarter and 58.2% for the fourth quarter of fiscal 2014
- Non-GAAP gross margin was 62.0% compared to 59.5% for the prior quarter and 59.7% for the fourth quarter of fiscal 2014
- Adjusted EBITDA was $246 million or 24.4% of revenue compared to $207 million or 20.7% of revenue for the prior quarter and $253 million or 22.5% of revenue for the fourth quarter of fiscal 2014
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For the fourth fiscal quarter, percentage of revenue by geography was:
- U.S. – 56%; EMEA – 24%; Asia-Pacific – 11%; Americas International – 9%
- Total bookings for the fiscal year were down 2% compared to fiscal 2014 in constant currency
- Revenue of $4,081 million was down $290 million compared to fiscal 2014, and was $168 million lower in constant currency
- Product revenue of $2,029 million was down $167 million compared to fiscal 2014, and was $123 million lower in constant currency
- Services revenue of $2,052 million down $123 million compared to fiscal 2014, and was $45 million lower in constant currency
- Gross margin was 59.5% compared to 57.2% for fiscal 2014
- Non-GAAP gross margin was 60.5% compared to 58.9% for fiscal 2014
- Adjusted EBITDA was $900 million or 22.1% of revenue compared to $898 million or 20.5% of revenue for fiscal 2014
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For the fiscal year, percentage of revenue by geography was:
- U.S. – 54%; EMEA – 26%; Asia-Pacific – 10%; Americas International – 10%