Avaya Holdings Corp (NYSE:AVYA) Q1 2019 Earnings Conference Call - Final Transcript

Feb 11, 2019 • 08:30 am ET


Avaya Holdings Corp (NYSE:AVYA) Q1 2019 Earnings Conference Call - Final Transcript


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Good morning. My name is Shelly and I will be your conference operator today. At this time, I would like to welcome everyone to the Avaya Holdings First Quarter Fiscal 2019 Financial Results Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (Operator Instructions) Thank you.

Michael McCarthy, Vice President of Investor Relations. You may begin your conference.

Michael McCarthy

Thank you, Shelly, and welcome everyone to Avaya's Q1 fiscal year 2019 investor call. Jim Chirico, our President and CEO; and Pat O'Malley, our Senior Vice President and CFO will lead the call this morning and share with you some prepared remarks before taking your questions. Shefali Shah, our Chief Administrative Officer and GC; Chris McGugan, Senior Vice President of Solutions and Technology; and Kieran McGrath who will be assuming the role of CFO are also here for today's call.

The earnings release, CFO commentary and investor slides referenced on this morning's call are accessible on the Investor page of our website and on the SEC website. And should aid you in your understanding of Avaya's financial results. We will reference non-GAAP financial measures and specifically note that all sequential and year-over-year comparisons reference our non-GAAP numbers, except or otherwise noted. A reconciliation of such measures to GAAP is included in the earnings release and investor slides, which are available on the Investor page of our website.

We may make forward-looking statements that are based on current expectations, forecasts and assumptions, which remain subject to risks and uncertainties that could cause actual results to differ materially. Information about risks and uncertainties may be found in our most recent filings with the SEC, including our Form 10-K. It is Avaya's policy not to reiterate guidance and we undertake no obligations to update or revise forward-looking statements in the event, facts or circumstances change.

I'll now turn the call over to Jim. Jim?

Jim Chirico

Thanks, Mike. Good morning, everyone, and welcome to our first quarter conference call. Before I begin, earlier today, we announced a change in the leadership of our financial Organization. Kieran McGrath is joining as CFO. Kieran most recently served as Executive Vice President and CFO at CA Technologies and has been in the technology and software space for over 30 years. I first met Kieran working together at IBM and have known him for more than 20 years. Kieran is more than just a world-class public company CFO. He is an operator and has been involved in many successful transformations. I want to take this opportunity to welcome Kieran to our team.

I also want to thank Pat for all that he's accomplished as CFO. He has been instrumental in orchestrating our emergence and then standing up the infrastructure to transition Avaya to a publicly traded company and listed on the New York Stock Exchange, and for leading several significant financial initiatives, including fresh start accounting, our tax restructuring, the Company's move to ASC 606 and many