Avaya Reports $682 Million in Revenue, Fueled by Software
Summary
The company’s since dipped its toes deeper into the SaaS pool, and today, Avaya boasts successful UCaaS and CCaaS offerings. I’m told, the results Avaya delivered during its first-two quarters were driven by its plan to address the growing demand for digital consumption models, cloud telephony, and collaboration tools. Avaya introduced a new subscription model in the COVID-19 area, and the consumption-based model’s generated a lot of value for the UC vendor, one hundred million dollars in six months to be exact. Avaya subscriptions rose by almost 100 percent quarter-over-quarter, as a greater demand for flexible cloud consumption models advances. The vendor delivers automatic upgrades and bundles improved functionalities into a single contract, which plays a leading role in the model’s enterprise appeal.
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