Avaya Announces Preliminary Second Fiscal Quarter 2015 Financial Results and Reporting Date

SANTA CLARA, CA--(Marketwired - Apr 16, 2015) - Avaya announced today preliminary unaudited financial results for second fiscal quarter 2015 ended March 31, 2015. These results include: (i) revenue in the range of $992 million to $995 million, (ii) non-GAAP gross profit as a percentage of revenue of approximately 60%, and (iii) adjusted EBITDA in the range of $205 million to $208 million, with a cash balance as of March 31, 2015 of approximately $330 million.

The Company noted that these financial results for the second quarter of fiscal 2015 ended March 31, 2015 are preliminary and subject to the completion of its financial closing procedures. There can be no assurance that the Company's final results for the quarter ended March 31, 2015 will not differ from these estimates as a result of quarter-end closing and review procedures and any such changes could be material.

In addition, the Company announced that it plans to report results for the second fiscal quarter ended March 31, 2015 after the market closes on Thursday, May 7, 2015. 

Avaya will host a conference call to discuss its financial results and Q&A at 3:00 p.m. PDT on May 7, 2015. On the call will be Kevin Kennedy, president and CEO, and Dave Vellequette, CFO. The call will be moderated by John Nunziati, senior director of investor relations.

To join the live webcast and view supplementary materials, listeners should access the investor page of Avaya's website (www.avaya.com). Following the live webcast, a replay will be available at the same web address in the event archives. 

To access the live webcast by phone, dial 877-876-9177 in the U.S. or Canada and 785-424-1666 for international callers, using the conference ID: AVQ215. Listeners should access the webcast or the call 10-15 minutes before the start time to ensure they are connected prior to the start time. 

A replay of the conference call will be available beginning at 6:00 p.m. PDT on May 7 through June 7, 2015, by dialing 800-757-4761 within the United States or 402-220-7215 outside the United States.

The preliminary financial data included in this press release has been prepared by, and is the responsibility of, the Company's management. PricewaterhouseCoopers LLP has not audited, reviewed, compiled or performed any procedures with respect to the accompanying preliminary financial data. Accordingly, PricewaterhouseCoopers LLP does not express an opinion or any other form of assurance with respect thereto.