Avaya Holdings Corp.

NYSE:AVYA  
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Other Pre-Announcement

Avaya Announces Certain Preliminary Third Quarter Fiscal 2022 Financial Results

Published: 07/28/2022 21:42 GMT
Avaya Holdings Corp. (AVYA) - Avaya Announces Certain Preliminary Third Quarter Fiscal 2022 Financial Results.
Avaya Holdings Corp - Based on Information Currently Available for Q3 Ended June 30, 2022, Company Expects Revenue to Be Between $575 Million and $580 Million.
Avaya Holdings Corp - Also Announced It Has Initiated Cost-cutting Measures.
Avaya Holdings - Cost Cutting Actions Expected to Generate Between $225 Million and $250 Million in Annual Cost Reductions Beginning in Q1 of Fiscal 2023.
Avaya Holdings Corp - Company's Prior Financial Guidance Should No Longer Be Relied Upon.
Avaya Holdings - Finalizing Testing of Goodwill, Intangible Assets, Expected to Result in Significant Non-cash Impairment Charges As of June 30, 2022.