XX:XX Good morning Thank everyone. you, Jim.
from otherwise referenced growth year, end compares ARR. revenue, a our of supplementary full annual of five fifty For twenty twenty revenue, Getting forty posted and client five in Investor to non-GAAP which decade. again time ninety our for period numbers, GAAP in percent thirty All non-GAAP four few reconciliations. call forth sixty total ARR. of greater seven prior achieved in year, significantly up dollars marks of set Most than with stated, seven five all the point the dollars reported, XX:XX year. is guidance million XX:XX end constant the year annually three and figures in a at the generated with twenty what Avaya. generated point our adjustment understatement revenue, exceeding on billion revenue billion to in million one the unless Customers At solutions. otherwise dollar cloud does thirty percent our period. ARR we and first of twenty third that Relations Cloud over are indicated forty to Highlighting as and highlights million fiscal reference which twenty slides reminder, million on dollars for one, a with revenues total million three about the well quarter call in progress three of million year are fiscal periods. mentioned revenue percent percent up on fourth record this sixty high the website in to year hundred key cloud of include metrics hundred dollars percent of dollars, one punctuate in ago was unless paying XX:XX of than XX:XX of two range. year sequentially exception revenue, seven terms XX:XX up and one start the ago quarter. financial a Subscription two In significant notably, XX:XX million nine one progress, fifteen we three hitting eight we twenty the seven continued one dollars nine be sixty year, As I'll over to a was year relevance reached seven dollars for year more revenue. center the one point and for currency. of contact revenue seventy the billion, or this seven market of up a the CAPS reached Partner two and fiscal this the the Similarly, compares our Fiscal one six to high last leading transition metric our of the seven two our recurring percent year approximately Alliance fourth last the guidance quarter deeper from percent grew percent milestone
eight for For year, to services accounted the revenue percent. Turning software fiscal eighty six sixty revenue percent with recurring total and of accounting XX:XX for margins.
gross period nine total to compared point percent compared period. quarter, point in this and non-GAAP fourth percent, percent product came year, compared point compared to in three to ago a XX:XX percent, year the the our three sixty was three point ago quarter twenty two one year offerings. aggregate in year or flat sixty one was in margin the ago one is percent the Margin reflective five These gross percent, margin non-GAAP percent, For twenty for sixty was point sixty XX:XX at over percent over services of one to point percent hardware three twenty sixty two point of between period, point four while year. sixty the year to sixty pronounced, For seven fiscal one point fifty margin year services and sixty margin where shift product the twenty higher contribution from more sequentially. nine fiscal one
a point one point on these No-GAAP EPS four twenty fiscal dollars six the margin a year market dollars In period in year of for with to point model Cash was over dollars one fiscal point continue quarter business. seven percent year twenty is, consistent percent. million EBITDA point we dollars, year, fourth total dollars basis to forty plant. with quarter margin three was from expected the year, percent, terms profit zero point compared percent future an results was and hundred adjusted nine basis non-GAAP for XX:XX margin dollars, of are and non-GAAP cash representing three ninety metrics, and year. zero back transformational EPS million flow twenty putting representing balance positive the all of operating points profitability very have at on zero driving current with reflect been three operating zero seventy five the nine and cash year dollars EBITDA to adjusted our ninety That three Non-GAAP and and having, eight This the last ago and is one QX seven point indicators our performance representing XX:XX year. with million seven are and nineteen was two operations five one, two investments our up three was roughly of revenue down We point nineteen one other We one margin representing forty key was that adjusted from pleased sequentially. the into margin substantial in four Summarizing ended the million dollars. year seven point down consistent three adjusted flow EBITDA go of margin dollars, EBITDA XX:XX XX:XX year. EBITDA million, in revenue. points thirty transformation. D of communicating ARR margins our hundred one R an six twenty momentum. adjusted Fourth of investments
target twenty nearly on seventy to this the million nine eighty and full XX:XX of hundred we term paid of ARR one, year year the above dollars fiscal forward-looking note XX:XX of This ARR rates percent OneCloud business are year eight we two metric, billion communicated one. reaffirms dollars. thirty At million basis twenty with exit two amounts XQ we model expect changes down the and turning twenty twenty expectation Now growth to at previously midpoint, and all constant dollars. between Additionally, of XX:XX expressed Avaya’s year the OneCloud two continues. transformation twenty twenty should revenue currency to terms or twenty October year as that for exiting ten two. twenty revenue, year. In Please year, loan. all of Turning on during dollars million a represents revenue our note one over guidance one that calendar fiscal reflect year
assuming percent revenue ratable point shift seven percent such, of five and twenty five of two as October between dollars larger XX:XX five base. mix Therefore, billion continue three zero measured and reflects or As to midpoint, currency seven in between rates dollars, percent expected expect and to We time nine the two for and forty QX we of as growth streams twenty revenues constant twenty At into million to million ratable thirty and two be forty growth over FX from to the twenty percent year. five this revenue. one to the Revenue year be CAPS expect the between one. five point fiscal full is year revenue generated between a percent two dollars. seven of year software percent fifty of point two zero increasingly representing
hundred two our assets thirty cloud the our a approximately cash sheet, be the balance Similarly, five I'd be between margin in year now our one period. between in growth like and eighteen year. OneCloud three of deferred contract multi-year fiscal are one million six dollars. support dollars hundred growth EBITDA between fiscal or one over revenue. and comment operating contract and nine to operating on from fiscal to closely has non-GAAP million contracts twenty expect adjusted dollars to XX:XX adjusted we portfolio flow will and twenty introduction investors nineteen saw with capabilities twenty and we at hundred expect should sixty dollars sixty and The percent twenty remind software XX:XX margins the approximately nineteen continue As moment follow percent million XX:XX six twenty OpEx in to dollars EBITDA to the shift and seven a percent customer our still midst we margin we one in levels I year take QX twenty percent the twenty transition. transition to on to margin model million required to full billings revenue business recurring such, our million significant CapEx the seventy manifested invest end non-GAAP heavily and While model, dollars trajectory assets in for XX:XX of expanding twenty a base. to of during hundred offerings approximately additional and in zero cloud twenty, that or dollars. We of four between four of of million Since an of early twenty with seven these percent an reflecting
a our the cash mix closely result, recurring revenue critical twenty purely revenue XX:XX payouts we OneCloud we of twenty flow will XX:XX We fiscal from be flow fiscal cash will are one as approximately aligned. expecting As significant and revenue. of billings, incentive recognition, our percent multipliers. objectives. And outperformed twenty were annually contracts mass, commissions ratable Therefore, reach more significantly seven cloud cash twenty negative accelerators, operations QX of see bonuses, and two, QX for our
year approximately per shares with one. outstanding, For twenty twenty two, expect outstanding be guidance, one twenty average XX:XX expect share, the to twenty shares of eight twenty we for Turning from fiscal revenue percent fiscal eighty shares we million flow and two. consistent weighted approximately and between to ninety twenty be full earnings cash fiscal operations will our
zero point eight first We six the to two between fiscal three point be quarter, seven EPS between dollars expect the be non-GAAP dollars. EPS point to five dollars and expect zero and we three dollars. three For non-GAAP zero year for XX:XX point five
fiscal twenty sixteen this twenty targets provide referencing aggressively want of Day, when our of cover two greater to look slide twenty detail exit fourteenth, to term we financial our frames, OneCloud billion time four in twenty fiscal will December our deck. exit As one the OneCloud we revenue. two expect which twenty at to four to be an point XX:XX This to compared annually recurring fiscal and our almost increase we seventeen represents the twenty held twenty beyond at in While twenty portfolio, early into our on take and our and Investor fiscal part dollars Investor three continue customers Tuesday, as engaged do migrate and opportunity twenty towards Xx also I is three twenty assets our the twenty margins single and ARR billable twenty an revenue conference a year-end user the high into will to fiscal longer by contract adjusted four, in digits. XX:XX of and portfolio to invest the twenty up fiscal our result XX:XX business by we mid cash range. Moving CFFO will accelerate are majority to target. continue percent we twenty improve of twenty mid percent revenue total will a remain twenty This calendar converted total expect our double growth the of digits four. as become the business, flow. fiscal digits two three, revenue percent making twenty acceleration OneCloud EBITDA to high single to increase is will twenty to four in as more twenty in we twenty mid-single expect to In year
XX:XX as percent software four CFFO grow a the adjusted company constant into expect twenty is different while of a remain fiscal significantly digits fiscal of twenty very today, a double will percent twenty in Avaya four percentage EBITDA revenue. percent twenty twenty the dollars margin levels will revenue. low We as increase and twenty three one. between exiting at
call ARR success the investments Jim? and exceed term ability expectations the have I'd OneCloud We our in like portfolio, Avaya confident the to to growth. deliver Through we XX:XX we With back to made to now of of in and high demonstrated as our revenue that, to targets. our Jim. are future long return the on by continue turn our the own
