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AVYA on NYSE

Avaya

Logo: The original uploader was Crotalus horridus at English Wikipedia ., Public domain, via Wikimedia Commons5

American technology company

Avaya LLC, formerly Avaya Inc., is an American multinational technology company headquartered in Morristown, New Jersey. The company provides software and services for customer experience management, contact center operations, and unified communications. It serves more than 90,000 customers.3 It employed about 13,000 people.1 Its revenue was $3 billion in 2021.1 Its shares trade on NYSE under the symbol AVYA.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Oct 2, 2000Founded1

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  • TickerAVYA on NYSE1
  • Industrymechanical engineering, telecommunications industry1
  • HeadquartersSanta Clara1
  • Websitewww.avaya.com
  • Legal formDelaware corporation, privately held company1
  • Incorporated inDE6
  • Business address211 Mount Airy Rd, Basking Ridge, Nj 079206
  • Filer categoryNon-accelerated filer6
  • LEI549300NZS2OZN6Q63A604
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 43621344

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Avaya LLC, formerly Avaya Inc., is an American multinational technology company headquartered in Morristown, New Jersey. The company provides software and services for customer experience management, contact center operations, and unified communications. It serves more than 90,000 customers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

47.0%Gross margin8
-75.5%Operating margin8
-84.2%Net margin8
-16.2%Revenue growth, 20228
$204.0MFree cash flow9

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue48¢$1.3B
  • Research and development8¢$222.0M
  • Selling, general and admin35¢$964.0M
  • Interest8¢$224.0M
  • Income tax2¢$47.0M

Out of $2.5B in revenue.8 The company lost money this year.

Where each dollar of operating cash went, fiscal 2022

  • Capital spending35¢$108.0M
  • Kept or used elsewhere65¢$204.0M

Out of $312.0M of cash from operations.98

Financial statements

Revenue108$2.5B in 2022−14% since 2019
0$1.0B$2.0B$3.0B2019: $2.9B$2.9B20192020: $2.9B$2.9B2020−0%2021: $3.0B$3.0B2021+3%2022: $2.5B$2.5B2022−16%
Gross profit108$1.2B in 2022−26% since 2019
0$500.0M$1.0B$1.5B$2.0B2019: $1.6B$1.6B20192020: $1.6B$1.6B2020+0%2021: $1.6B$1.6B2021+4%2022: $1.2B$1.2B2022−29%
Operating income108-$1.9B in 2022+297% since 2019
-$2.0B-$1.0B0$1.0B2019: -$473.0M-$473.0M20192020: -$455.0M-$455.0M2020−4%2021: $180.0M$180.0M20212022: -$1.9B-$1.9B2022
Net income11108-$2.1B in 2022
-$4.0B-$2.0B0$2.0B$4.0B2017: $3.0B$3.0B20172019: -$671.0M-$671.0M20192020: -$680.0M-$680.0M2020+1%2021: -$13.0M-$13.0M2021−98%2022: -$2.1B-$2.1B2022+16023%
Fiscal year2016201720182019202020212022
Revenue$2.9B10$2.9B8$3.0B8$2.5B8
Cost of revenue$1.3B10$1.3B8$1.3B8$1.3B8
Gross profit$1.6B10$1.6B8$1.6B8$1.2B8
Research and development$204.0M10$207.0M8$228.0M8$222.0M8
Selling, general and admin$1.0B10$1.0B8$1.1B8$964.0M8
Operating expenses$3.0B8
Operating income-$473.0M10-$455.0M8$180.0M8-$1.9B8
Interest$237.0M10$226.0M8$222.0M8$224.0M8
Income before tax-$2.0B8
Income tax$2.0M10$62.0M8$15.0M8$47.0M8
Net income$3.0B11-$671.0M10-$680.0M8-$13.0M8-$2.1B8
Earnings per share-$6.0610-$7.458-$0.208-$24.428
Earnings per share (diluted)-$6.0610-$7.458-$0.208-$24.428
Shares (weighted, basic)86.0M shares8
Shares (weighted, diluted)86.0M shares8

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Corporate structure

Avaya sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Avaya

  • Avaya Durham, North Carolina, United States
    • Avaya (Germany) Subsidiary · Frankfurt, Germany
    • Avaya (Bermuda) Subsidiary · United Kingdom
    • Avaya (United Kingdom) Subsidiary · United Kingdom

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Avaya reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$894.0M17 Sep 30, 2015$867.0M17 Sep 30, 2014+3.1%
Accumulated depreciation$612.0M17 Sep 30, 2015$586.0M17 Sep 30, 2014+4.4%
Property and equipment, net$282.0M17 Sep 30, 2015$281.0M17 Sep 30, 2014+0.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$323.0M17 Sep 30, 2015$322.0M17 Sep 30, 2014+0.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$4.1B17 Sep 30, 2015$4.0B17 Sep 30, 2014+0.7%
Intangible assets, net (excluding goodwill)$970.0M17 Sep 30, 2015$1.2B17 Sep 30, 2014−20.8%
Accumulated amortization$3.1B17 Sep 30, 2015$2.9B17 Sep 30, 2014+9.1%
Finite-lived intangibles, net$614.0M17 Sep 30, 2015$868.0M18 Sep 30, 2014−29.3%

Inventory

ItemLatestA year beforeChange
Inventory, total$174.0M17 Sep 30, 2015$197.0M17 Sep 30, 2014−11.7%

The story

In 1995, AT&T Corporation renamed their subsidiary AT&T Technologies to Lucent Technologies and was transferred in 1996. Lucent subsequently repurposed units of its own in an attempt to restructure its struggling operations.

Avaya Inc. was spun off from Lucent as its own company in 2000 (Lucent merged with Alcatel SA in 2006, becoming Alcatel-Lucent, which was purchased in turn by Nokia in 2016). Avaya Inc. were listed on the NYSE using the symbol AV from 2000 to 2007. In October 2007, Avaya Inc. was acquired for $8.2 billion by Sierra Holdings Corp owned by two private-equity firms, TPG Capital and Silver Lake Partners. On June 6, 2011 Sierra Holdings Corp. was renamed Avaya Holdings Corp.

In May 2001, certain Avaya, Inc products and manufacturing processes were acquired by Celestica. The locations of Avaya's Denver, Colorado and Little Rock, Arkansas were for Celestica to supply telecommunications products such as printed circuit boards and systems repair, test, and assembly. This acquisition of Avaya's certain assets were for Celestica to establish a five-year contract in manufacturing outsourcing partnership and supply chain management for a more diverse telecommunication products for Celestica and become Avaya's Electronics manufacturing services contractor.

On November 19, 2014, Avaya was confirmed as the naming rights partner for the San Jose Earthquakes' new stadium, officially called Avaya Stadium, paying $20 million over a 10-year deal.

On January 19, 2017, Avaya Inc. and related affiliates including Avaya Holdings Corp. petitioned for protection from creditors during reorganizing under Chapter 11 bankruptcy. A restructuring plan for Avaya Holdings Corp. agreed upon during mediation was given effect by the court's order November 28, 2017.

In December 2017, Avaya requested a federal judge to reduce their commitment to the Earthquakes' stadium name agreement. After Avaya vacated their naming rights, the venue was renamed Earthquakes Stadium in 2020 and PayPal Park in 2021 after PayPal bought the naming rights.

On December 15, 2017, trading in Avaya Holdings Corp. shares listed on the NYSE began under the symbol AVYA.

On February 14, 2023, Avaya once again petitioned for protection from creditors during restructuring under Chapter 11 with a restructuring plan already agreed on with their creditors. On February 15, 2023 the NYSE announced that shares of Avaya no longer qualified for listing on the New York Exchange and would cease to be traded there. Although the proposed restructuring plan would wipe out the shares, several securities dealers announced that they would begin making a market in Avaya shares effective February 16, 2023 using the symbol AVYAQ and trading 'over the counter', i.e. a securities dealer is a counterparty of each trade. On May 1, 2023, Avaya Holdings Corp. completed its financial restructuring, emerging from bankruptcy owned by its former creditors as the private company Avaya LLC.

From Wikipedia’s article on Avaya, shared under CC BY-SA 4.0.7

Leadership

Who has led Avaya, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Louis Dambrosio2006–2007
  2. James M. Chirico2018–2022
  3. Alan Masarek2022

Chair

  1. Donald Peterson2006

President

  1. Louis Dambrosio2006–2007
  2. James M. Chirico2018–2022
  3. Alan Masarek2022

Chief financial officer

  1. Garry McGuire2006
  2. Caroline Dorsa2007
  3. Kieran J. McGrath2019–2022
  4. Rebecca A. Roof2022

Chief operating officer

  1. Michael Thurk2006–2007
20052010201520202025
Board members and other officers (53)

Products and brands

  • networking hardware

Listed on Wikidata.1

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Acquisitions

Since 2001, Avaya has sold and acquired several companies. Through Nortel's bankruptcy proceedings, assets related to their Enterprise Voice and Data business units were auctioned. Avaya placed a $900 million bid, and was announced as the winner of the assets on September 14, 2009. In 1985, Performance Engineering Corporation (later PEC Solutions) was formed to offer technology services to government customers. On June 6, 2005, Nortel acquired PEC Solutions to form Nortel PEC Solutions. On January 18, 2006, Nortel PEC Solutions was renamed Nortel Government Solutions. On December 21, 2009, Avaya acquired Nortel's government business as part of the company's assets sale.

In October 2019, Avaya entered into a strategic partnership with RingCentral and together, introduced a new unified communications as a service solution called Avaya Cloud Office ("ACO"). RingCentral also contributed $500 million to be the exclusive provider of the new Avaya UCaaS offering.

Avaya's headquarters are at 350 Mt. Kemble Avenue, Morristown, New Jersey 07960 US.

Avaya sponsors the IAUG users' group and training programs for IT professional certification in the use of Avaya's products.

From Wikipedia’s article on Avaya, shared under CC BY-SA 4.0.7

Former names

  • LUCENT EN CORPJun 20, 2000 to Jun 20, 20006

Timeline

  1. Feb 22, 20238-K Entered a material agreement; New debt or obligation; Listing notice or transfer79
  2. Feb 14, 20238-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated80
  3. Feb 3, 20238-K Executive or director change81
  4. Jan 13, 20238-K Exit or restructuring costs82
  5. Dec 30, 20228-K Listing notice or transfer; Regulation FD disclosure83
  6. Dec 23, 20228-K Executive or director change84
  7. Dec 16, 20228-K Executive or director change85
  8. Dec 13, 20228-K Regulation FD disclosure86
  9. Nov 30, 20228-K Other events87
  10. Nov 7, 20228-K Executive or director change; Regulation FD disclosure88
  11. Oct 26, 20228-K Executive or director change89
  12. Oct 18, 20228-K Executive or director change90
  13. Aug 5, 2022New chief executive Alan Masarek becomes CEO19
  14. Jan 16, 2018New chief executive James M. Chirico becomes CEO20
  15. Jul 28, 2006New chief executive Louis Dambrosio becomes CEO21
  16. Oct 2, 2000Founded Founded1

Calendar

When it reported results

  1. Aug 9, 2022Reported quarterly or annual results91
  2. Jul 29, 2022Reported quarterly or annual results92
  3. May 10, 2022Reported quarterly or annual results93
  4. Feb 9, 2022Reported quarterly or annual results94
  5. Nov 22, 2021Reported quarterly or annual results95

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

131 filings to the SEC since October 2021: 2 annual reports, 4 quarterly reports, 25 major events, 53 insider forms, 29 large holders, 18 other. The latest 20:

  1. Feb 15, 2024SC 13G/A EDGAR
  2. Sep 8, 202310-Q EDGAR
  3. Sep 8, 202310-K EDGAR
  4. Sep 8, 202310-Q EDGAR
  5. May 24, 2023SC 13D/A EDGAR
  6. Mar 9, 2023SC 13G EDGAR
  7. Mar 9, 2023SC 13G EDGAR
  8. Mar 8, 2023SC 13G EDGAR
  9. Feb 27, 2023EFFECT EDGAR
  10. Feb 27, 202315-15D EDGAR
  11. Feb 27, 202315-15D EDGAR
  12. Feb 27, 202315-15D EDGAR
  13. Feb 27, 202315-15D EDGAR
  14. Feb 27, 202315-15D EDGAR
  15. Feb 27, 202315-12G EDGAR
  16. Feb 24, 2023S-8 POS EDGAR
  17. Feb 24, 2023S-8 POS EDGAR
  18. Feb 24, 2023S-8 POS EDGAR
  19. Feb 24, 2023S-8 POS EDGAR
  20. Feb 24, 2023POS AM EDGAR

The 131 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Members of Congress who traded it

3 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 15, 2021Susie LeeDemocratic, HouseSale$1,001 - $15,000Report
Sep 14, 2021Susie LeeDemocratic, HousePartial sale$1,001 - $15,000Report
Nov 23, 2020Susie LeeDemocratic, HouseBuy$1,001 - $15,000Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Avaya is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAVAYA INC2
  • CIK0001116521
  • Employer ID (EIN)22-37134302
  • Filer statusNon-accelerated filer2
  • Incorporated inDelaware2
  • Fiscal year endsSeptember 302
  • Industry code (SIC)3661 Telephone & Telegraph Apparatus2
  • Business address211 Mount Airy Rd, Basking Ridge, NJ 079202
  • Mailing address211 Mount Airy Road, Basking Ridge, NJ 079202
  • Phone90895360002
  • Shares outstanding100 as of Aug 12, 2016108
  • Public float$0 as of Mar 31, 201517
  • On EDGAR sinceJun 20, 20002
  • Filings817 in all: 4 (364), 8-K (200), 10-Q (42), 11-K (18), SC 13G/A (18), 3 (13), DEFA14A (12), 10-K (11)2
    All 48 form types

    SC 13D/A (9), SC TO-I/A (9), 4/A (7), 8-K/A (7), 424B3 (6), DEF 14A (6), S-8 (6), S-8 POS (6), SC 13G (6), UPLOAD (6), 424B2 (5), ARS (5), NO ACT (5), S-3 (5), 10-12B/A (4), CORRESP (4), S-3/A (4), 15-12B (3), POS AM (3), SC 13D (3), SC TO-T/A (3), SD (3), 10-K405 (2), 424B5 (2), PRE 14A (2), S-4 (2), S-4/A (2), SC TO-I (2), 10-12B (1), 10-K/A (1), 11-KT (1), 15-15D (1), 25 (1), 25-NSE (1), 8-A12B (1), DEFM14A (1), EFFECT (1), PREM14A (1), PRER14A (1), SC 14D9 (1)

  • Latest filingsAnnual report (10-K) Nov 23, 2015
    Quarterly report (10-Q) Aug 12, 2016
    Proxy statement (DEF 14A) Dec 22, 2006
    Latest 8-K (8-K) Aug 7, 2017

Sources

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