Avaya Holdings Corp. (NYSE: AVYA) reported financial results for the first quarter of fiscal 2021 ended December 31, 2020.
As per Financial Outlook – 2Q Fiscal 2021 – Avaya’s Adjusted EBITDA of $160 million to $175 million; Adjusted EBITDA margin of 23% to 24%.
As per Financial Outlook – Fiscal Year 2021 – Avaya’s Adjusted EBITDA of $680 million to $720 million; Adjusted EBITDA margin of 23% to 24%.
The company has not quantitatively reconciled its guidance for adjusted EBITDA, non-GAAP Operating income, or non-GAAP EPS to their respective most comparable GAAP measure because certain of the reconciling items that impact these metrics including, provision for income taxes, restructuring charges, net of sublease income, advisory fees, acquisition-related costs, change in fair value of warrants and gain (loss) on marketable securities affecting the period, have not occurred, are out of the company’s control, or cannot be reasonably predicted. Accordingly, reconciliations to the nearest GAAP financial measures are not available without unreasonable effort. Please note that the unavailable reconciling items could significantly impact the company’s results as reported under GAAP.
