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22.11.2013 19:17:00
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Avaya, Inc. -- Moody's says revenue challenges continue at Avaya but margin and cash flow improvements encouraging
New York, November 22, 2013 -- Moody's Investors Service said though Avaya Inc.'s Q4 revenues were down 6% compared to Q4 2012, Avaya recorded its largest ever adjusted quarterly EBITDA results (company reported of $295 million) and generated its first full year positive GAAP free cash flow (albeit only nominally so) since acquiring Nortel's enterprise voice business in December 2009. For additional information, please see the Issuer Comment dated November 21, 2013 on www.moodys.com.
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