Avaya Sees Rise in Quarterly Revenue to $1.076 billion

Avaya reported quarterly revenue of $1.076 billion, up 11% from revenues of $971 million in the same period last year. The company said product sales increased 14 percent in the fourth quarter compared to the year ago period and all three business segments were profitable for the second consecutive quarter. Increased sales, as well as favorable channel and product mix contributed to gross margin of 50 percent, an increase from 48 percent in the third fiscal quarter. Net income was $100 million or earnings of 21 cents per diluted share. http://www.avaya.com