Is Avaya Stable?
Avaya's financial picture is at best an unsteady one; in its most recent earnings report, in June, the company reported revenue of $1.25 billion, down 9 percent year-over-year, and a net loss of $166 million, wider than $152 million a year earlier.
The company in late September said it would look to cut an additional $135 million to $235 million in operating costs in its fiscal year, which began on Oct. 1, and it is instituting more layoffs. All that uncertainty, combined with a generally cautious macro-economic view, likely means Avaya's IPO plans -- the company filed a Form S-1 in June 2011 -- will stay shelved.
Next Slide >
