Avaya +1% after raised FY guidance

Feb. 10, 2020 7:13 AM ETAvaya Holdings Corp. (AVYA)By: Brandy Betz, SA News Editor
  • Avaya (NYSE:AVYA) +1% reports mixed Q1 results that missed on earnings but beat on revenue. The downside Q2 outlook sees $675-700M versus the $707.54M consensus.
  • Avaya raises its FY20 revenue outlook from $2.82-2.90B to $2.84-2.92B, inline with the $2.88B consensus.
  • Q1 adjusted EBITDA totaled $174M.
  • Gross margin was 61.4% compared to the 62.7% in last year's quarter.
  • Earnings call starts at 8:30 AM with a webcast here.
  • Press release.

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