Avaya Holdings Corp (NYSE:AVYA) Q2 2020 Earnings Conference Call - Final Transcript

May 11, 2020 • 08:30 am ET


Avaya Holdings Corp (NYSE:AVYA) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings. Welcome to Avaya Fiscal Second Quarter 2020 Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]

I would now like to turn the conference over to Mike McCarthy, Vice President of Investor Relations. Thank you, you may begin.

Michael W. McCarthy

Thank you, and good morning. Welcome to Avaya's Q2 fiscal year 2020 investor call. Jim Chirico, our President and CEO; and Kieran McGrath, our Executive Vice President and CFO, will lead this morning's call and share with you some prepared remarks, before taking your questions. Joining among the call, this morning, will be Anthony Bartolo, EVP and Chief Product Officer. Consistent with our social distancing mandates, each of us on this morning's call are assembled from our remote locations.

The earnings release and investor slides referenced on this morning's call are accessible on the Investor page of our website, as well as in the 8-K filed today, with the SEC, which should aid in your understanding of Avaya's financial results. We will be referencing non-GAAP financial measures and specifically note that all sequential and year-over-year comparisons reference non-GAAP numbers, except where otherwise noted. We have included a reconciliation of such measures to GAAP in the earnings release and in the investor slides.

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. In particular, our business is currently being impacted by COVID-19 and its effect on the global economy. The extent of its continued impact on our business will depend on a number of factors that include, but may not be limited to, the duration and severity of the pandemic, as well as governmental and business responses to it, all of which continue to evolve and remain uncertain at this time.

Information about risks and uncertainties may be found in our most recent filings with the SEC, including our Form 10-K and subsequent Form 10-Q reports. 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, except otherwise required by law.

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

Jim Chirico

Thanks, Mike, and thank you, everyone, for joining us. This morning, I'll provide you with highlights of our second quarter performance, and a summary of our progress, as we execute our strategy. Kieran will then take you through the details of the quarter and our updated guidance. Afterwards, we'll open it up for questions.

We are living in extraordinary times, and before we begin, I'd like to thank the health care and other front line workers, who have worked tirelessly supporting our local communities throughout this crisis. Our thoughts go out to everyone affected. In the face of the significant number of global challenges associated with COVID-19, which began to take hold in early February, Avaya delivered a strong second quarter on multiple fronts.