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Avaya Continues Forward Momentum, Makes Acquisition

August 9, 2021

Via: No Jitter
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Before opening bell today, Avaya announced results for its fiscal year 2021 third quarter, which ended on June 30, 2021. The company put up strong numbers, as it has done for several quarters in a row.

Revenues this quarter were $732 million, handily above the consensus estimate of $727 million, representing about 2% year-over-year (YoY) growth. Looking ahead to the fourth quarter, Avaya guided to $720-750 million, the low end of which is above the Street’s estimated $718 million. Management also upped its full-year guidance slightly to $2.93-2.96 billion from $2.92-2.955 billion.

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