Company Report

Avaya’s GAAP Operating income was $62 million; Non-GAAP Operating income was $163 million

Avaya Holdings Corp. (NYSE: AVYA) reported financial results for the first quarter of fiscal 2021 ended December 31, 2020.

As per Financial Outlook – 2Q Fiscal 2021 – Avaya’s GAAP operating income of $35 million to $50 million; GAAP operating margin of 5% to 7% and Non-GAAP operating income of $135 million to $150 million; non-GAAP operating margin of 19% to 21%.

As per Financial Outlook – Fiscal Year 2021 – Avaya’s GAAP operating income of $151 million to $191 million; GAAP operating margin of 5% to 7% and Non-GAAP operating income of $578 million to $618 million; non-GAAP operating margin of 20% to 21%.

The company has not quantitatively reconciled its guidance for adjusted EBITDA, non-GAAP Operating income, or non-GAAP EPS to their respective most comparable GAAP measure because certain of the reconciling items that impact these metrics including, provision for income taxes, restructuring charges, net of sublease income, advisory fees, acquisition-related costs, change in fair value of warrants and gain (loss) on marketable securities affecting the period, have not occurred, are out of the company’s control, or cannot be reasonably predicted. Accordingly, reconciliations to the nearest GAAP financial measures are not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the company’s results as reported under GAAP.

Sourcehttps://investors.avaya.com/overview/default.aspx

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