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RingCentral (RNG) Q2 2021 Earnings Call Transcript

RingCentral (RNG) Q2 2021 Earnings Call Transcript
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Master Agent and Tech Distributor Jenne, Inc. to Feature Avaya Cloud Office™ by RingCentral at ITExpo in Miami, FL – Consumer Electronics Net

Master Agent and Tech Distributor Jenne, Inc. to Feature Avaya Cloud Office™ by RingCentral at ITExpo in Miami, FL – Consumer Electronics Net
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Avaya Reports Second Quarter Fiscal 2021 Financial Results

Friday, 14 May 2021, 11:16 am
Total revenue increased 8pc YoY to US$738 million as
Avaya OneCloudTM ARR increased to US$344 million and CAPS
grew to 40pc of revenue
Sydney
– Avaya Holdings Corp. (NYSE: AVYA) has reported
financial results for the second quarter of fiscal 2021
ended March 31, 2021.
Second Quarter Financial
Highlights
· OneCloud ARR was $344 million, up 31%
sequentially.
· CAPS (Cloud, Alliance Partner and
Subscription) was 40% of revenue, up from 23% a year
ago.
· Software and services were 90% of revenue, up
from 88% a year ago.
· Recurring revenue was 66%, up
from 64% a year ago.
· GAAP Operating income was $44
million; Non-GAAP Operating income was $148
million.
· GAAP Net loss was $58 million; Non-GAAP ....

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Avaya Holdings Corp (AVYA) Q2 2021 Earnings Call Transcript

Avaya Holdings Corp (AVYA) Q2 2021 Earnings Call Transcript
Motley Fool Transcribers
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Avaya Holdings Corp (NYSE: AVYA)
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Greetings, and welcome to Avaya s Fiscal 2021 Second quarter Investor call. [Operator Instructions]
I would now like to turn the conference over to your host, Mr. Michael McCarthy, Vice President of Investor Relations. Thank you. You may begin.SPONSORED:
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