Exhibit 99.1

avayalogoera07.jpg

        
Media Inquiries:                            Investor Inquiries:
Alex Alias                                Michael McCarthy
669-242-8034                                919-425-8330
alalias@avaya.com                             mikemccarthy@avaya.com


Avaya Reports Fourth Quarter and Fiscal 2019 Financial Results

$723 million Q4 FY19 GAAP revenue; $2.887 billion FY19 GAAP revenue
83.8% of GAAP revenue from software and services, 58.9% of GAAP recurring revenue in FY19
352 deals signed with a TCV greater than $1 million, 40 over $5 million and 9 over $10 million in FY19


Santa Clara, Calif., - November 20, 2019 - Avaya Holdings Corp. (NYSE: AVYA) today reported financial results for the fourth quarter and fiscal year ended September 30, 2019.
 
GAAP
 
Non-GAAP (1)
(In millions, except percentages)
 
Q4 2019
 
Q3 2019
 
Q4 2018
 
Q4 2019
 
Q3 2019
 
Q4 2018
Revenue
 
$
723

 
$
717

 
$
735

 
$
726

 
$
720

 
$
770

Gross margin
 
54.2
%
 
54.4
 %
 
53.1
%
 
60.6
%
 
60.8
%
 
63.4
%
Operating margin
 
7.2
%
 
(85.5
)%
 
1.5
%
 
22.7
%
 
20.1
%
 
20.4
%
 
GAAP
 
Non-GAAP (1)
(In millions, except percentages)
 
FY19
 
FY18
 
FY19
 
FY18
Revenue
 
$
2,887

 
$
2,851

 
$
2,908

 
$
3,057

Gross margin
 
54.6
 %
 
52.8
 %
 
61.4
%
 
62.5
%
Operating margin
 
(16.4
)%
 
(3.1
)%
 
21.6
%
 
20.8
%
"Avaya made significant progress positioning the company for future growth and accelerating our relevance in cloud during fiscal 2019,” stated Jim Chirico, president and CEO of Avaya.  “Notably, we grew our public cloud seats by approximately 160% year over year; we launched ReadyNow, an enterprise-class private cloud solution, and have already booked $90 million of total contract value; we announced a Microsoft partnership to bring our next generation CCaaS to market on Azure; and we recently closed our strategic partnership for UCaaS with RingCentral.  The investments across our portfolio, especially in contact center, cloud, services and AI, have materially strengthened our position and solidified our platform for future growth.”
Mr. Chirico added, “Successfully concluding the strategic review process provided a decisive go forward path and, as a result, we announced three important initiatives to accelerate growth and deliver shareholder value. First, the



The following information was filed by Avaya Holdings Corp. (AVYA) on Wednesday, November 20, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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