Why is Avaya Holdings Corp. (AVYA) stock rallied today?

Related Topics

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Avaya Holdings Corp. (AVYA) stock announced fourth quarter and fiscal 2021 financial results after which the stock became bullish today. AVYA stock price saw a push of 23.88% to reach $22.20 a share at the time of this writing. The trading volume was 1,131,555, significantly higher than the average trading volume.

Fourth Quarter and Fiscal Year 2021 Financial Results:

  • AVYA stock generated $760 million in revenue in the fourth quarter of 2021. The fiscal year 2021 revenue totaled $2.973 billion.
  • The annualized recurring revenue for OneCloud reached $530 million, 25% high sequentially and 177% over the year.
  • CAPS (Cloud, Alliance Partner, and Subscription) represented a 33% increase from a year ago to reach 44% of revenue.
  • Software and services remained flat year over year to 88% of the revenue.
  • For the fiscal year 2021, AVYA stock recurring revenue was 66%. This represents an increase of 63% over the year.
  • AVYA stock reported $33 million in GAAP operating income and $145 million in non-GAAP operating income. For the fiscal year 2021, GAAP Operating income and non-GAAP operating income were $180 million and $602 million
  • The stock reported $6 million GAAP net income and $74 million in non-GAAP net income. The GAAP net loss was $13 million for the fiscal year 2021 and non-GAAP net income was $304 million.
  • The Adjusted EBITDA declined by 290 basis points year over year to drop at $179 million. For fiscal 2021, adjusted EBITDA was 24.2% of revenue.
  • AVYA stock reported $0.06 GAAP earnings per share and $0.77 in non-GAAP earnings per share in the reported quarter. The stock reported $0.20 and $3.16 GAAP loss per share and non-GAAP earnings per share in fiscal 2021.
  • By the end of fourth-quarter 2021, AVYA stock had $498 million in cash and cash equivalents.

Outlook of AVYA stock:

For the first quarter of fiscal 2022, the Avaya stock has projected its revenue between $725 million to $745 million. The company anticipates $33 million to $48 million GAAP operating income and 5% to 6% GAAP operating margin. AVYA stock estimates non-GAAP operating income of $131 million to $146 million in the first quarter of fiscal 2022. The company projected $160 million to $175 million adjusted EBITDA for the first quarter of fiscal 2022. For the full fiscal year 2022, the company has estimated revenue between $2.975 billion to $3.025 billion.

Leave a Comment

Your email address will not be published. Required fields are marked *

Latest Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam