IoT
Business & Finance
News
1/27/2004
05:51 PM
50%
50%
RELATED EVENTS
The Analytics Job and Salary Outlook for 2016
Jan 28, 2016
With data science and big data top-of-mind for all types of organizations, hiring analytics profes ...Read More>>

Avaya Reports A Profit, Thanks To Renewed IT Spending

Companies are spending more on telecom equipment, including voice-over-IP hardware, execs say.

Communications-equipment maker Avaya Inc. broke into the black during its first quarter, thanks to what it sees as a rebound in corporate IT spending.

For the quarter ended Dec. 31, Avaya posted a profit of $10 million, or 2 cents per share, up from a loss of $121 million, or 33 cents per share, a year ago. When costs from discontinued operations are factored out, the company had income of $30 million, up from a loss of $125 million. Revenue was up 3%, to $971 million, from $946 million a year ago.

Avaya said the positive earnings are due in part to companies spending more on telecom equipment, including voice-over-IP hardware, as the economic picture improves. "The economy appears to be maintaining," said CEO Don Peterson, on a conference call. "And business optimism, while fragile, is stable."

Comment  | 
Print  | 
More Insights
Register for InformationWeek Newsletters
White Papers
Current Issue
How to Knock Down Barriers to Effective Risk Management
Risk management today is a hodgepodge of systems, siloed approaches, and poor data collection practices. That isn't how it should be.
Video
Slideshows
Twitter Feed
InformationWeek Radio
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.