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CAPS (Cloud, Alliance Partner and Subscription) revenue was 34%, up from 18% a year ago Software and services were 88% of revenue, up from 86% a year ago Recurring revenue was 65%, up from 59% a year ago GAAP Operating income was $62 million; Non-GAAP Operating income was $163 million GAAP Net loss was $4 million; Non-GAAP Net income was $85 million Adjusted EBITDA was $190 million, 25.6% of revenue Ending cash and cash equivalents were $750 million GAAP Loss Per Share of $0.06; Non-GAAP Earnings Per Share of $0.90 “We are pleased to report first quarter results that exceeded expectations across all key metrics. Navigating a very challenging business environment, we emerged from 2020 even stronger. This success reflects the significant progress we continue to make on our transformation into an enterprise leader in cloud-based communications and collaboration solutions,” said Jim Chirico, President and CEO of Avaya. “The investments we have mad ....
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