AVAYA Inc. (AV, Financial) filed Quarterly Report for the period ended 2011-12-31.
Aviva Plc Ads has a market cap of $16.38 billion; its shares were traded at around $11.5499 with and P/S ratio of 0.18. The dividend yield of Aviva Plc Ads stocks is 7.37%.
Networking revenue for the three months ended December 31, 2011 and 2010 was $82 million and $78 million, respectively, an increase of $4 million or 5%. The increase is primarily a result of an increase in demand for our new product offerings, primarily in EMEA. This increase was partially offset by a decrease in sales of our ethernet switching product in the U.S.
Revenue in the U.S. for the three months ended December 31, 2011 and 2010 was $748 million and $754 million, respectively, a decrease of $6 million or 1%. The decrease was primarily due to lower support services revenues and lower sales of our data networking products, partially offset by higher sales associated with contact center applications. The decreases were particularly noticeable in the government sector, as the U.S. government spending was affected as the federal government budget negotiations continued. Revenue in EMEA for the three months ended December 31, 2011 remained flat as compared to results for the three months ended December 31, 2010 primarily as a result of an increase in sales of our new data networking product offerings, offset by lower sales to small and medium-sized businesses and of phone devices. Within EMEA, revenue in Germany remained relatively flat due to an increase in our infrastructure solutions portfolio, partially offset by a decline in our rental base as lease renewals are typically at lower rates, which is expected to continue for the remainder of fiscal year 2012. Revenue in APAC for the three months ended December 31, 2011 and 2010 was $126 million and $117 million, respectively, an increase of $9 million or 8%. The increase is attributable to higher revenue related to maintenance contracts and sales of unified communications products. Revenue in Americas International for the three months ended December 31, 2011 and 2010 was $148 million and $130 million, respectively, an increase of $18 million or 14%. The increase is attributable to an increase in sales volume across our product lines including data networking, as well as an increase in revenue related to support services.
Gross margin for the three months ended December 31, 2011 and 2010 was $704 million and $619 million, respectively, an increase of $85 million or 14%. The increase is attributable to increased sales volumes and increased gross margin percentage. The gross margin percentage increased to 50.8% for the three months ended December 31, 2011 from 45.3% for the three months ended December 31, 2010. The increase in gross margin percentage is primarily due to higher gross margin percentages in each of our segments, as well as the impact of lower amortization of technology intangible assets on higher sales volume.
GCS gross margin for the three months ended December 31, 2011 and 2010 was $400 million and $358 million, respectively. GCS gross margin increased $42 million or 12% primarily due to the increase in sales volume driven by new product offerings particularly for our unified communications products and contact center applications, better pricing with our contract manufacturers and the success of our gross margin improvement initiatives which focused on lowering transportation costs, warranty costs and product design costs. The GCS gross margin percentage increased to 60.0% for the three months ended December 31, 2011 from 55.5% for the three months ended December 31, 2010. The increase in gross margin percentage is primarily due to better pricing with our contract manufacturers and the success of our gross margin improvement initiatives.
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Aviva Plc Ads has a market cap of $16.38 billion; its shares were traded at around $11.5499 with and P/S ratio of 0.18. The dividend yield of Aviva Plc Ads stocks is 7.37%.
Highlight of Business Operations:
Our revenue for the three months ended December 31, 2011 and 2010 was $1,387 million and $1,366 million, respectively, an increase of $21 million or 2%. The following table sets forth a comparison of revenue by portfolio:Networking revenue for the three months ended December 31, 2011 and 2010 was $82 million and $78 million, respectively, an increase of $4 million or 5%. The increase is primarily a result of an increase in demand for our new product offerings, primarily in EMEA. This increase was partially offset by a decrease in sales of our ethernet switching product in the U.S.
Revenue in the U.S. for the three months ended December 31, 2011 and 2010 was $748 million and $754 million, respectively, a decrease of $6 million or 1%. The decrease was primarily due to lower support services revenues and lower sales of our data networking products, partially offset by higher sales associated with contact center applications. The decreases were particularly noticeable in the government sector, as the U.S. government spending was affected as the federal government budget negotiations continued. Revenue in EMEA for the three months ended December 31, 2011 remained flat as compared to results for the three months ended December 31, 2010 primarily as a result of an increase in sales of our new data networking product offerings, offset by lower sales to small and medium-sized businesses and of phone devices. Within EMEA, revenue in Germany remained relatively flat due to an increase in our infrastructure solutions portfolio, partially offset by a decline in our rental base as lease renewals are typically at lower rates, which is expected to continue for the remainder of fiscal year 2012. Revenue in APAC for the three months ended December 31, 2011 and 2010 was $126 million and $117 million, respectively, an increase of $9 million or 8%. The increase is attributable to higher revenue related to maintenance contracts and sales of unified communications products. Revenue in Americas International for the three months ended December 31, 2011 and 2010 was $148 million and $130 million, respectively, an increase of $18 million or 14%. The increase is attributable to an increase in sales volume across our product lines including data networking, as well as an increase in revenue related to support services.
Gross margin for the three months ended December 31, 2011 and 2010 was $704 million and $619 million, respectively, an increase of $85 million or 14%. The increase is attributable to increased sales volumes and increased gross margin percentage. The gross margin percentage increased to 50.8% for the three months ended December 31, 2011 from 45.3% for the three months ended December 31, 2010. The increase in gross margin percentage is primarily due to higher gross margin percentages in each of our segments, as well as the impact of lower amortization of technology intangible assets on higher sales volume.
GCS gross margin for the three months ended December 31, 2011 and 2010 was $400 million and $358 million, respectively. GCS gross margin increased $42 million or 12% primarily due to the increase in sales volume driven by new product offerings particularly for our unified communications products and contact center applications, better pricing with our contract manufacturers and the success of our gross margin improvement initiatives which focused on lowering transportation costs, warranty costs and product design costs. The GCS gross margin percentage increased to 60.0% for the three months ended December 31, 2011 from 55.5% for the three months ended December 31, 2010. The increase in gross margin percentage is primarily due to better pricing with our contract manufacturers and the success of our gross margin improvement initiatives.
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