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Cloud leader in MAR 2022, bankruptcy in FEB 2023

Cloud leader in MAR 2022, bankruptcy in FEB 2023

We came across this news: “Avaya files for Chapter 11 bankruptcy” from here: https://www.reuters.com/technology/avaya-files-chapter-11-bankruptcy-2023-02-14/.

AVAYA LEADER NOW DEFUNCT

We are shocked, that in March 31, 2022 they ended a fiscal year with a stellar bang! Here are a few headlines from their report: Avaya Reports Second Quarter Fiscal 2022 Financial Results
– Total revenue was $716 million
– Avaya OneCloud™ ARR increased 118% year over year to $750 million
– Avaya OneCloud™ ARR increased $130 million sequentially, a record quarterly contribution
– Signed ~100 deals with TCV greater than $1 million for the 8th consecutive quarter

“We drove record growth for Avaya OneCloud ARR with a $130 million quarter over quarter increase and an over $400 million year over year increase, to $750 million. The path to hit the $1 billion ARR mark by the end of calendar year 2022 is well paved,” said Jim Chirico, President and CEO of Avaya.

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Still from their own INVESTOR NEWS, from 23 January 2023: Avaya Named Leader Position in Inaugural Report from Aragon Research for Conversational AI (CAI) in the Intelligent Contact Center (ICC).

What you do, when all your online business is in this sinking ship?

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Feb 14, 2023 – Avaya Holdings Corp (AVYA.N) has filed for Chapter 11 bankruptcy AND Wipes Out Shareholders In Bankruptcy

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