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Avaya Stock Soars After Earnings. Wall Street Likes the Accelerating Growth.

·2 min read
Avaya Stock Soars After Earnings. Wall Street Likes the Accelerating Growth.
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  • AVYA

Avaya Holdings was soaring Monday after the communications giant posted annual revenue that topped Wall Street expectations and introduced impressive guidance for fiscal 2023 and 2024. The company also posted annual revenue of $2.97 billion, up 3.5% from $2.91 billion reported in the previous year. Annual revenue in fiscal 2021 beat analysts’ expectations of $2.95 billion and was the first time the company reversed its trend of annual revenue declines in over a decade.