Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Financial woes worsen as Avaya attempts turnaround

Hafizah Osman | April 24, 2017
Vendor reveals worrying preliminary unaudited financial results for the second fiscal quarter.

"Several months ago, in the context of optimising our capital structure, we announced that we were conducting a comprehensive assessment of the various alternatives available to us, including expressions of interest in certain Avaya assets," Kennedy said previously.

"After extensive evaluation, we believe that a sale of our networking business is the best path forward for all stakeholders."

In Australia, while news about the future of Avaya triggered speculation on the direction of the company, its local channel partners said they remain confident in the brand, and that nothing will change in terms of partnerships, arrangements, or strategy.

Locally, the company also bulked up its local channel team, with the recent appointment of Steve Williams to lead its channel operations in A/NZ.

Avaya expects to report second fiscal quarter results in May, with the reporting date to be announced separately.

Source: ARN 


Previous Page  1  2 

Sign up for CIO Asia eNewsletters.