August 23, 2017 4:16 PM ET

Software

Company Overview of Avaya Inc.

Company Overview

Avaya Inc., together with its subsidiaries, provides contact center, unified communications, and networking products and services worldwide. The company operates through three segments: Global Communications Solutions (GCS), Avaya Networking (Networking), and Avaya Global Services (AGS). The GCS segment offers video and conferencing, communications and messaging, platforms, infrastructure and phones, assisted and automated experience management, performance management, and cloud enablement products for IT infrastructure, unified communications, and contact centers. The Networking segment provides a range of Internet protocol networking infrastructure products, such as Ethernet switches, rout...

4655 Great America Parkway

Santa Clara, CA 95054

United States

Founded in 2000

10,101 Employees

Phone:

908-953-6000

Key Executives for Avaya Inc.

Chief Executive Officer, President and Director
Age: 62
Chief Financial Officer and Senior Vice President
Age: 61
COO & Global Sales Leader
Age: 59
President of Global Field Operations and Senior Vice President of Worldwide Sales
Age: 58
President of Avaya Client Services and Senior Vice President
Age: 61
Compensation as of Fiscal Year 2017.

Avaya Inc. Key Developments

Avaya Appoints Two New Area Vice Presidents for the U.S

Avaya announced the appointment of two new area vice presidents for the U.S. theater. Bruce Rosen and Jim Haigh will lead sales strategies for all segments of customers care, directly and through channel partners, account teams and operations in the Western and Southern areas, respectively. Bruce, who joins Avaya to drive sales in the U.S. Western region, is an experienced sales and marketing leader. Most recently he led Newport Strategy Advisors. Bruce has a long, successful track record of delivering advanced technology and communication solutions while also developing and growing commercial, enterprise and government accounts. Jim, who will lead the U.S. Southern sales organization, comes to Avaya with deep expertise in selling cloud, big data and software solutions following 20 years with Microsoft. Throughout his career, Jim has successfully managed a variety of teams, delivering profitable results, innovative problem solving, as well as customer and partner satisfaction.

Avaya Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2017; Reports Goodwill Impairment for the Third Quarter Ended June 30, 2017

Avaya Inc. reported unaudited consolidated earnings results third quarter and nine months ended June 30, 2017. For the quarter, the company reported revenue of $803 million against $882 million a year ago. Operating loss was $44 million against income of $58 million a year ago. Loss before income taxes was $93 million against $58 million a year ago. Net loss was $105 million against $115 million a year ago. EBITDA was $8 million against $151 million a year ago. Adjusted EBITDA was $204 million against $223 million a year ago. Non-GAAP operating income was $156 million against $180 million a year ago. Total revenue was down $79 million year-over-year primarily as a result of lower demand for products and services primarily due to extended procurement cycles resulting from the chapter 11 filing. Cash provided by operating activities was $72 million compared to $97 million during the second fiscal quarter 2017 and $23 cash used from operations during the third fiscal quarter 2016. Non-GAAP operating income was $180 million against $156 million a year ago. For the nine months, the company reported revenue of $2,482 million against $2,744 million a year ago. Operating income was $85 million against $166 million a year ago. Loss before income taxes was $219 million against $179 million a year ago. Net loss was $213 million against $245 million a year ago. Net cash provided by operating activities was $125 million against $30 million a year ago. EBITDA was $271 million against $449 million a year ago. Adjusted EBITDA was $641 million against $656 million a year ago. For the quarter, the company reported goodwill impairment of $52 million.

Avaya Announces Executive Changes

Avaya announced that it has appointed Jim Chirico, currently Avaya's Chief Operating Officer and Global Sales Leader, as Chief Executive Officer, effective October, 1 2017. Kevin Kennedy, Avaya's current President and Chief Executive Officer, will retire as CEO and a member of the Board of Directors but has agreed to remain as an advisor to the company. Mr. Chirico will join the Board. Mr. Chirico joined Avaya in 2008, and has held a variety of positions at the company. Prior to Avaya, Mr. Chirico was Executive Vice President, Global Operations, Development and Manufacturing at Seagate Technology.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 7, 2017
Avaya Inc., Networking Business
Bankruptcy
January 19, 2017
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