Avaya net profit up 25 percent

Avaya reported net profit for the fiscal third quarter of USD 55 million, up from USD 44 million a year earlier. Revenues fell 1.6 percent from a year earlier to USD 1.276 billion. Sales of products declined 1.6 percent, rental and managed services revenues fell 7.1 percent, and services revenues were flat. US revenues declined 8 percent, while sales in the EMEA region were relatively flat, with growth outside of Germany offset by declines within Germany. Asia Pacific revenues grew by 33 percent, and revenues in the Americas, excluding the US, grew by 11 percent, driven by performance in Latin America. Operating profit improved to USD 70 million from USD 28 million, driven by lower costs. During the quarter Avaya shipped over 1 million IP lines for the fifth consecutive quarter. IP product sales increased 10 percent from a year earlier and now account for 69 percent of group sales.

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