Corporate spending spurs Avaya

By Staff, CNET News.com
Wednesday, January 28, 2004 10:01 AM

Communications equipment maker Avaya yesterday posted a first-quarter profit of US$30 million, or 7 cents a share, compared with a loss of US$125 million, or 34 cents, a year ago.

Avaya Chief Executive Don Peterson said in a statement that corporate clientele have signaled "what we believe is the beginning of a rebound in capital spending." Avaya joins a growing chorus of companies that are projecting an upcoming increase in business spending on information technology.


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