Telecom Lead America: Avaya has posted 10.6 percent dip in revenue to $1.24 billion in the first quarter of fiscal 2013.
The year-on-year revenue decrease was primarily due to lower customer demand in a cautious spending environment.
Dip of 2.9 percent in quarter-on-quarter revenue was due to seasonality and reduced demand in the U.S. Federal Government sector and the Americas International theater.
Operating income decreased to $23 million from $82 million for the first quarter of fiscal 2012.
Kevin Kennedy, president and CEO, Avaya, said the company continued to take the necessary actions to reduce our cost structure and improve our profitability. Avaya will continue to execute and deliver operational efficiencies and productivity improvements while maintaining our focus on growth, through product innovation and improved alignment of our go to market investments.
Global Communications Solutions revenue decreased 14.1 percent to $573 million.
Networking revenue decreased 29.3 percent to $58 million.
Avaya Global Services revenue decreased 4.5 percent to $609 million.
U.S. contributed 54 percent revenue in Q1; EMEA 27 percent, Asia – Pacific 10 percent and Americas International 9 percent.
