Nov 23, 2021

The shares of Avaya Holdings Corp (NYSE: AVYA) increased by 22.36% today. This is why it happened. The shares of Avaya Holdings Corp (NYSE: AVYA) increased by 22.36% today. Investors are responding positively to the company’s fourth quarter and fiscal 2021 financial results. Q4 Financial Highlights — The Q4 revenues were $760 million and fiscal 2021 revenues of $2.973 billion. And fiscal 2021 revenue includes an adjustment of approximately $15 million for the cumulative effect of an understatement of revenue in prior periods — OneCloud ARR (Annualized Recurring Revenue) was $530 million, up 25% sequentially and 177% from a year ago — CAPS (Cloud, Alliance Partner and Subscription) was 44% of revenue, up from 33% a year ago; and 40% for fiscal 2021 — For fiscal 2021, software and services were 88% of revenue, flat year over year — Recurring revenue was 66% for fiscal 2021, up from 63% a year ago — GAAP Operating income was $33 million and Non-GAAP Operating income was $145 million; for fiscal 2021 GAAP Operating income was $180 million and Non-GAAP Operating income was $602 million — GAAP Net income was $6 million and Non-GAAP Net income was $74 million; for fiscal 2021 GAAP Net loss was $13 million and Non-GAAP Net income was $304 million — Adjusted EBITDA was $179 million, 23.6% of revenue, down 290 basis points year over year; for fiscal 2021 Adjusted EBITDA was $719 million, 24.2% of revenue — GAAP Earnings Per Share of $0.06 and Non-GAAP Earnings Per Share of $0.77; for fiscal 2021 GAAP Loss Per Share was $0.20 and Non-GAAP Earnings Per Share was $3.16 — Ending cash and cash equivalents were $498 million KEY QUOTE: “Fiscal year 2021 for Avaya was a year marked by many firsts, and the outstanding results we delivered exceeded expectations on most every front. Most impressive is the fact that we reversed over a decade of annual revenue declines, delivering year over year growth closing up approximately $100 million, while we also grew ARR 177% to $530 million. This year marked a real and substantive milestone for the company and I couldn’t be prouder of the performance or more thankful for the commitment of our customers and partners and performance of our global team as we’ve navigated a purposeful and deliberate journey of transformation to be an enterprise cloud leader.” — Jim Chirico, President and CEO of Avaya Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.