Avaya reverses decade long revenue decline

Avaya has reversed over a decade of annual revenue declines as it reports Q4 revenues of $760m and FY21 revenues of $2.973bn, an increase of 3.5% year over year.

For fiscal 2021, software and services were 88% of revenue, flat year over year. Cloud, Alliance Partner and Subscription made up 44% of revenue, up from 33% a year ago.

OneCloud ARR was $530m, up 25% sequentially and 177% from a year ago

Jim Chirico, President and CEO, said: “This year marked a substantive milestone for the company as we have navigated a purposeful and deliberate journey of transformation to be an enterprise cloud leader.”