8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):  November 11, 2015

AVAYA INC.

(Exact Name of Registrant as Specified in its Charter)

Delaware	001-15951		22-3713430
(State or Other Jurisdiction of	(Commission File Number)		(IRS Employer Identification
Incorporation)			Number)
4655 Great America Parkway
Santa Clara, California		95054
(Address of Principal Executive Office)		(Zip Code)

Registrant’s telephone number, including area code:  (908) 953-6000

N/A

(Former Name or Former Address, if Changed Since Last Report)

____________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

On November 11, 2015, Avaya Inc. (the “Company”) issued a press release announcing its financial results for the fourth quarter and fiscal year 2015 ended September 30, 2015. The full text of the press release is furnished as Exhibit 99.1. As previously announced, the Company will host a conference call to discuss its financial results at 11:00 a.m. PST on November 11, 2015. A copy of the presentation materials to be referenced in the conference call is furnished as Exhibit 99.2 and will be available on the Company’s investor relations website at www.avaya.com/investors.

This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

(d)    Exhibits

Exhibit	Exhibit Name
99.1	Press Release, dated November 11, 2015, entitled “Avaya Reports Fourth Quarter and Fiscal Year 2015 Financial Results”
99.2	Presentation to Investors, dated November 11, 2015, entitled “Avaya 4Q 2015 Earnings Call”

Forward-Looking Statements

This current report on Form 8-K contains “forward-looking statements.” All statements other than statements of historical fact are “forward-looking” statements for purposes of the U.S. federal and state securities laws. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should” or “will” or the negative thereof or other variations thereon or comparable terminology. The Company has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Company believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2014, may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Company’s filings with the SEC that are available at www.sec.gov. The Company cautions you that the list of important factors included in the Company’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this report may not in fact occur. The Company undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		AVAYA INC.
Date: November 16, 2015	By:	/s/ David Vellequette
	Name:	David Vellequette
	Title:	Senior Vice President, Chief Financial Officer

EX-99.1

Media Inquiries: Investor Inquiries: Jeremiah Glodoveza John Nunziati 408-496-3190 408-562-3780 jglodoveza@avaya.com jfnunziati@avaya.com Avaya Reports Fourth Quarter and Fiscal Year 2015 Financial Results Fourth Quarter Fiscal 2015:  Revenue of $1,008 million  Operating Income of $100 million, Non-GAAP Operating Income(1) of $202 million  Adjusted EBITDA(1) of $246 million, 24.4% of revenue Fiscal Year 2015:  Revenue of $4,081 million  Operating Income of $371 million, Non-GAAP Operating Income(1) of $718 million  Adjusted EBITDA(1) of $900 million, 22.1% of revenue  Record levels for Product Gross Margin and Service Gross Margin Santa Clara, Calif. — Wednesday, November 11, 2015 – Avaya reported financial results for the fourth fiscal quarter and fiscal year ended September 30, 2015. Total revenue for the fourth quarter was $1,008 million, up $9 million compared to the prior quarter, down year-over-year, and within the Company’s expected range. For the quarter, adjusted EBITDA(1) was $246 million which compares to adjusted EBITDA of $207 million for the prior quarter and $253 million for the fourth quarter of fiscal 2014. GAAP operating income was $100 million and non-GAAP operating income was $202 million which compares to non-GAAP operating income of $161 million for the prior quarter and $212 million for the fourth quarter of fiscal 2014. For fiscal 2015, Avaya reported revenue of $4,081 million, down 7% compared to fiscal 2014 revenue of $4,371 million, or down 4% in constant currency. GAAP operating income was $371 million and non-GAAP operating income was $718 million in fiscal 2015 compared to $727 million in fiscal 2014. Fiscal 2015 adjusted EBITDA of $900 million was $2 million higher Exhibit 99.1

compared to fiscal 2014. Free cash flow was $91 million for the fiscal year, with cash and cash equivalents totaling $323 million as of September 30, 2015. “The transformation of the company advanced throughout fiscal 2015. We saw positive leading indicators of demand and grew revenue in our areas of investment and diversification. Operationally, we extended our multi-year upward trend of increased gross margin and adjusted EBITDA percentage for the fifth consecutive year,” said Kevin Kennedy, president and CEO. “In fiscal 2016, Avaya will continue to focus on operational optimization to increase its margins and will continue providing the market with industry leading products and services.” Fourth Fiscal Quarter Highlights  Product book-to-bill for the quarter was greater than 1.0. Total bookings for the fourth quarter were 3% below the prior year in constant currency  Total revenue under contract was $3.0 billion and increased 1% from the fourth quarter of fiscal 2014 in constant currency. Included in revenue under contract is contracted revenue for private cloud and managed services which increased 11% from the fourth quarter of fiscal 2014 in constant currency, ending the quarter at over $800 million  Revenue from flagship products and services accounted for a record 49% of total revenue and revenue from core products and services accounted for 43% of total revenue  Gross margin was 61.1% compared to 58.5% for the prior quarter and 58.2% for the fourth quarter of fiscal 2014  Non-GAAP gross margin was 62.0% compared to 59.5% for the prior quarter and 59.7% for the fourth quarter of fiscal 2014  Adjusted EBITDA was $246 million or 24.4% of revenue compared to $207 million or 20.7% of revenue for the prior quarter and $253 million or 22.5% of revenue for the fourth quarter of fiscal 2014  For the fourth fiscal quarter, percentage of revenue by geography was: - U.S. – 56% - EMEA – 24% - Asia-Pacific – 11% - Americas International – 9% Fiscal Year Highlights  Total bookings for the fiscal year were down 2% compared to fiscal 2014 in constant currency  Revenue of $4,081 million was down $290 million compared to fiscal 2014, and was $168 million lower in constant currency  Product revenue of $2,029 million was down $167 million compared to fiscal 2014, and was $123 million lower in constant currency  Services revenue of $2,052 million down $123 million compared to fiscal 2014, and was $45 million lower in constant currency  Gross margin was 59.5% compared to 57.2% for fiscal 2014  Non-GAAP gross margin was 60.5% compared to 58.9% for fiscal 2014

 Adjusted EBITDA was $900 million or 22.1% of revenue compared to $898 million or 20.5% of revenue for fiscal 2014  For the fiscal year, percentage of revenue by geography was: - U.S. – 54% - EMEA – 26% - Asia-Pacific – 10% - Americas International – 10% Conference Call and Webcast Avaya will host a financial results webcast and conference call to discuss its financial results and Q&A at 11:00 AM PST on November 11, 2015. On the call will be Kevin Kennedy, president and CEO, and Dave Vellequette, CFO. The call will be moderated by John Nunziati, senior director of investor relations. To join the financial results live webcast and view supplementary materials, listeners should access the investor page of Avaya’s website (www.avaya.com/investors). Following the live webcast, a replay will be available at the same web address in the event archives. To access the financial results live webcast by phone, dial 877-876-9177 in the U.S. or Canada and 785-424-1666 for international callers, using the conference ID: AVQ415. Listeners should access the webcast or the call 10-15 minutes before the start time to ensure they are connected prior to the start time. A replay of the financial results live webcast and conference call will be available beginning at 11:00 AM PST on November 12 through December 12, 2015, by dialing 800-688-4915 within the United States or 402-220-1319 outside the United States. 2015 Analyst and Investor Meeting Avaya announced previously that it will be hosting a meeting for analysts and investors on Thursday, November 12, 2015 at 1:00 PM PST. The meeting will be webcast live for remote participation. Details for accessing the webcast and supporting slides, which will be posted before the start of the event, can be found on the Investor Relations page of the company’s website, at this link: http://www.avaya.com/investors/events/avaya-2015-analyst-and-investor- meeting/ Access to an archived replay of the event will be available at the same site, starting at 8 AM PST on Friday, November 13, 2015.

About Avaya Avaya is a leading provider of solutions that enable customer and team engagement across multiple channels and devices for better customer experience, increased productivity and enhanced financial performance. Its world-class contact center and unified communications technologies and services are available in a wide variety of flexible on-premise and cloud deployment options that seamlessly integrate with non-Avaya applications. The Avaya Engagement Environment enables third parties to create and customize business applications for competitive advantage. Avaya’s fabric-based networking solutions help simplify and accelerate the deployment of business critical applications and services. For more information please visit www.avaya.com. Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these are reasonable, such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results to differ materially from any future results expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to Avaya's filings with the SEC that are available at www.sec.gov. Avaya disclaims any intention or obligation to update or revise any forward-looking statements. 1 Refer to Supplemental Financial Information accompanying this press release for a reconciliation of GAAP to non-GAAP numbers and for reconciliation of adjusted EBITDA for the third quarter of fiscal 2015 see our Form 8-K filed with the SEC on August 4, 2015 at www.sec.gov.

2015 2014 2015 2014 REVENUE Products 499$ 579$ 2,029$ 2,196$ Services 509 547 2,052 2,175 1,008 1,126 4,081 4,371 COSTS Products: Costs (exclusive of amortization of acquired technology intangible assets) 173 221 744 854 Amortization of acquired technology intangible assets 9 14 35 56 Services 210 236 872 962 392 471 1,651 1,872 GROSS PROFIT 616 655 2,430 2,499 OPERATING EXPENSES Selling, general and administrative 346 376 1,432 1,531 Research and development 82 90 338 379 Amortization of acquired intangible assets 57 56 226 227 Restructuring charges, net 30 71 62 165 Acquisition-related costs 1 - 1 - 516 593 2,059 2,302 OPERATING INCOME 100 62 371 197 Interest expense (117) (112) (452) (459) Loss on extinguishment of debt - - (6) (5) Other income, net 11 33 13 25 LOSS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (6) (17) (74) (242) Provision for income taxes of continuing operations (67) (32) (67) (51) LOSS FROM CONTINUING OPERATIONS (73) (49) (141) (293) Income from discontinued operations, net of income taxes - 30 - 62 NET LOSS (73)$ (19)$ (141)$ (231)$ Three months ended September 30, Avaya Inc. Consolidated Statements of Operations (Unaudited; in millions) Fiscal year ended September 30,

September 30, 2015 September 30, 2014 ASSETS Current assets: Cash and cash equivalents 323$ 322$ Accounts receivable, net 678 745 Inventory 174 197 Deferred income taxes, net 23 24 Other current assets 171 211 TOTAL CURRENT ASSETS 1,369 1,499 Property, plant and equipment, net 282 281 Deferred income taxes, net 50 52 Acquired intangible assets, net 970 1,224 Goodwill 4,074 4,047 Other assets 130 99 TOTAL ASSETS 6,875$ 7,202$ LIABILITIES Current liabilities: Debt maturing within one year 7$ 19$ Accounts payable 379 416 Payroll and benefit obligations 229 228 Deferred revenue 665 668 Business restructuring reserve, current portion 90 86 Other current liabilities 279 254 TOTAL CURRENT LIABILITIES 1,649 1,671 Long-term debt 5,960 5,949 Pension obligations 1,690 1,535 Other postretirement obligations 194 273 Deferred income taxes, net 263 249 Business restructuring reserve, non-current portion 67 119 Other liabilities 415 475 TOTAL NON-CURRENT LIABILITIES 8,589 8,600 Commitments and contingencies STOCKHOLDER'S DEFICIENCY Common stock - - Additional paid-in capital 2,981 2,962 Accumulated deficit (4,972) (4,831) Accumulated other comprehensive loss (1,372) (1,200) TOTAL STOCKHOLDER'S DEFICIENCY (3,363) (3,069) TOTAL LIABILITIES AND STOCKHOLDER'S DEFICIENCY 6,875$ 7,202$ Avaya Inc. (Unaudited; in millions) Consolidated Balance Sheets

2015 2014 Net cash (used for) provided by: Net lossNet loss (141)$ (231)$ Income from discontinued operations, net of income taxes - 62 Loss from continuing operations (141) (293) Adjustments to loss from continuing operations for non-cash items 440 467 Changes in operating assets and liabilities (84) (138) Continuing operating activities 215 36 Changes in operating assets and liabilitiesDiscontinued operating activities - 4 Operating activities 215 40 Investing activities (129) 68 Financing activities (53) (60) Effect of exchange rate changes on cash and cash equivalents (32) (14) Net increase in cash and cash equivalents 1 34 Cash and cash equivalents at beginning of period 322 288 Cash and cash equivalents at end of period 323$ 322$ Avaya Inc. Condensed Statements of Cash Flows (Unaudited; in millions) Fiscal year ended September 30,

Avaya Inc. Supplemental Schedules of Revenue (Unaudited; in millions) Dec. 31, 2014 Mar. 31, 2015 June 30, 2015 2015 2014 2015 2014 Amount Pct. Pct., net of FX impact Revenue by Segment 481$ 440$ 435$ GCS 440$ 520$ 44% 46% (80)$ -15% -13% 68 47 59 Networking 59 59 6% 5% - 0% 2% 549 487 494 Total ECS product revenue 499 579 50% 51% (80) -14% -12% 530 508 505 AGS 509 547 50% 49% (38) -7% -3% 1,079$ 995$ 999$ Total revenue 1,008$ 1,126$ 100% 100% (118)$ -10% -7% Revenue by Geography 572$ 531$ 538$ U.S. 562$ 588$ 56% 52% (26)$ -4% -4% International: 301 266 263 EMEA 243 321 24% 29% (78) -24% -19% 101 104 107 APAC - Asia Pacific 113 111 11% 10% 2 2% 4% 105 94 91 90 106 9% 9% (16) -15% -3% 507 464 461 Total International 446 538 44% 48% (92) -17% -11% 1,079$ 995$ 999$ Total revenue 1,008$ 1,126$ 100% 100% (118)$ -10% -7% Three Months Ended Mix Americas International - Canada and Latin America Revenues Change Three Months Ended September 30,

Use of non-GAAP (Adjusted) Financial Measures The information furnished in this release includes non-GAAP financial measures that differ from measures calculated in accordance with generally accepted accounting principles in the United States (GAAP), including adjusted EBITDA, non-GAAP gross margin as a percentage of revenue, and non-GAAP operating income. EBITDA is defined as net income (loss) before income taxes, interest expense, interest income and depreciation and amortization and excludes the results of discontinued operations for all periods presented. Adjusted EBITDA is EBITDA further adjusted to exclude certain charges and other adjustments as described in our SEC filings. We believe that including supplementary information concerning Adjusted EBITDA is appropriate because it serves as a basis for determining management and employee compensation. In addition, we believe Adjusted EBITDA provides more comparability between our historical results and results that reflect purchase accounting and our current capital structure. Accordingly, Adjusted EBITDA measures our financial performance based on operational factors that management can impact in the short-term, namely the Company’s pricing strategies, volume, costs and expenses of the organization. Adjusted EBITDA has limitations as an analytical tool. Adjusted EBITDA does not represent net income (loss) or cash flow from operations as those terms are defined by GAAP and does not necessarily indicate whether cash flows will be sufficient to fund cash needs. While adjusted EBITDA and similar measures are frequently used as measures of operations and the ability to meet debt service requirements, these terms are not necessarily comparable to other similarly titled captions of other companies due to the potential inconsistencies in the method of calculation. Adjusted EBITDA does not reflect the impact of earnings or charges resulting from matters that we consider not to be indicative of our ongoing operations. In particular, our formulation of Adjusted EBITDA allows the addition of certain non-cash charges that are deducted in calculating net income (loss), restructuring charges, certain fees payable to our private equity sponsors and other specific cash costs and expenses and that portion of our pension costs, other post-employment benefits costs, and non-retirement post-employment benefits costs representing the amortization of pension service costs and actuarial gain or loss associated with these employment benefits as set forth in the reconciliation of GAAP to non-GAAP numbers shown below. However, these are expenses that may recur, may vary and are difficult to predict. Non-GAAP gross margin excludes the amortization of acquired technology intangible assets, share based compensation, impairment of long lived assets and purchase accounting adjustments. We have included non-GAAP gross margin because we believe it provides additional useful information to investors regarding our operations by excluding those charges that management does not believe are reflective of the Company’s ongoing operating results when assessing the performance of the business. Non-GAAP operating income excludes the amortization of technology intangible assets, restructuring and impairment charges, acquisition and integration related costs, share based compensation, impairment of long lived assets and purchase accounting adjustments. We have included non-GAAP operating income because we believe it provides additional useful information to investors regarding our operations by excluding those charges that management does not believe are reflective of the company’s ongoing operating results when assessing the performance of the business. These non-GAAP measures are not based on any comprehensive set of accounting rules or principles and have limitations as analytical tools in that they do not reflect all of the amounts associated with Avaya’s results of operations as determined in accordance with GAAP. As such,

these measures should only be used to evaluate Avaya's results of operations in conjunction with the corresponding GAAP measures. The following tables reconcile GAAP measures to non-GAAP measures: 2015 2014 2015 2014 Loss from continuing operations (73)$ (49)$ (141)$ (293)$ Interest expense 117 112 452 459 Interest income - (1) (1) (2) Provision for income taxes 67 32 67 51 Depreciation and amortization 92 98 371 434 203 192 748 649 Restructuring charges, net 30 71 62 165 Sponsors’ fees 2 1 7 7 Acquisition-related costs - - 1 - Integration-related costs 2 2 3 7 Divestiture-related costs - - - 2 Loss on extinguishment of debt - - 6 5 Third-party fees expensed in connection with the debt modification - - 8 2 Non-cash share-based compensation 4 5 19 25 Gain on investments and sale of long-lived assets, net - - (1) - Gain on sale of TBU business - (14) - (14) Change in certain tax indemnifications - (1) (9) 4 Venezuela hyperinflationary and devaluation charges - - - 2 Resolution of certain legal matters - - - 8 Gain on foreign currency transactions (12) (17) (14) (18) Pension/OPEB/nonretirement postemployment benefits and long- term disability costs 17 13 69 51 Other - 1 1 3 Adjusted EBITDA 246$ 253$ 900$ 898$ EBITDA Three months ended September 30, Avaya Inc. Supplemental Schedule of Non-GAAP Adjusted EBITDA (Unaudited; in millions) Fiscal year ended September 30,

Sept. 30, Dec. 31, Mar. 31, June 30, Sept. 30, 2014 2014 2015 2015 2015 Gross Profit 655$ 638$ 592$ 584$ 616$ Gross Margin 58.2% 59.1% 59.5% 58.5% 61.1% Items excluded: Amortization of acquired technology intangible assets 14 9 7 10 9 Share-based compensation 3 2 - - - Non-GAAP Gross Profit 672$ 649$ 599$ 594$ 625$ Non-GAAP Gross Margin 59.7% 60.1% 60.2% 59.5% 62.0% Reconciliation of Non-GAAP Operating Income Operating Income 62$ 104$ 83$ 84$ 100$ Percentage of Revenue 5.5% 9.6% 8.3% 8.4% 9.9% Items excluded: Amortization of acquired intangible assets 70 66 64 65 66 Restructuring charges, net 71 15 10 7 30 Integration-related costs 3 1 - - 2 Acquisition-related costs - - - 1 - Share-based compensation 5 7 4 4 4 Other 1 - 1 - - Non-GAAP Operating Income 212$ 193$ 162$ 161$ 202$ Non-GAAP Operating Margin 18.8% 17.9% 16.3% 16.1% 20.0% Avaya Inc. Supplemental Schedules of Non-GAAP Reconciliations (Unaudited; in millions) Three Months Ended Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin

Sept. 30, Dec. 31, Mar. 31, June 30, Sept. 30, 2014 2014 2015 2015 2015 Revenue 579$ 549$ 487$ 494$ 499$ Costs (exclusive of amortization of technology intangible assets)ts (exclusive of amortization of acquired technology intangible assets) 221 203 182 186 173 Amortization of technology intangible assetsortiz tion of acquired technology intangible a sets 14 9 7 10 9 GAAP Gross Profit 344 337 298 298 317 GAAP Gross Margin 59.4% 61.4% 61.2% 60.3% 63.5% Items excluded: Amortization of acquired technology intangible assets 14 9 7 10 9 Non-GAAP Gross Profit 358$ 346$ 305$ 308$ 326$ Non-GAAP Gross Margin 61.8% 63.0% 62.6% 62.3% 65.3% Revenue 547$ 530$ 508$ 505$ 509$ Costs 236 229 214 219 210 GAAP Gross Profit 311 301 294 286 299 GAAP Gross Margin 56.9% 56.8% 57.9% 56.6% 58.7% Items excluded: Share-based compensation 3 2 - - - Non-GAAP Gross Profit 314$ 303$ 294$ 286$ 299$ Non-GAAP Gross Margin 57.4% 57.2% 57.9% 56.6% 58.7% Avaya Inc. (Unaudited; in millions) Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin - Services Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin - Products Supplemental Schedules of Non-GAAP Reconciliation of Gross Profit and Gross Margin by Portfolio Three Months Ended

EX-99.2

Avaya Q4 and Fiscal Year 2015 Earnings Call November 11, 2015 Exhibit 99.2

© 2015 Avaya Inc. All rights reserved. 2 Forward Looking Statements Certain statements contained in this presentation are forward-looking statements, including statements regarding our future financial and operating performance, as well as statements regarding our future growth plans and drivers,. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to our filings with the SEC that are available at www.sec.gov and in particular, our 2014 Form 10-K filed with the SEC on November 26, 2014. We disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. This presentation should be read in conjunction with our Form 8-K filed with the SEC on November 16, 2015. Within this presentation, we refer to certain non‐GAAP financial measures that involve adjustments to GAAP measures. Reconciliations between our non-GAAP financial measures and GAAP financial measures are included on the last three slides of this presentation. These slides, as well as current and historical financial data are available on our web site at www.avaya.com/investors . None of the information included on the website is incorporated by reference in this presentation. Historical amounts presented reflect the sale of ITPS.

© 2015 Avaya Inc. All rights reserved. 3  Revenue of $1,008 million, up $12 million from the prior quarter in constant currency 1% higher sequentially and 5% lower than Q4 FY’14 on a normalized basis* Q4 ‘14 adjusted for recognition of aged backlog for professional services projects * – Software and Services accounted for over 72% of total revenue – Cloud and managed services revenues accounted for ~8% of total revenue  Year-over-year growth in: – Cloud & Managed Services up 11% – Contact Center up 6%* – Networking up 5%*  Gross margin of 62% – Record levels for product gross margin and services gross margin  Operating income of $202 million and 20.0% operating margin  Adjusted EBITDA of $246 million and 24.4% of revenue  Cash balance of $323 million – Fiscal year 2015 Free Cash Flow was $91 million – Fiscal year 2015 Cash From Operations was $215 million * On a normalized basis; See slide 18 for Q4 FY’14 normalization calculation Fiscal Q4 2015 Financial Highlights (Amounts are non-GAAP, comparisons in constant currency)

© 2015 Avaya Inc. All rights reserved. 4 Quarterly Income Statement (All amounts non-GAAP and dollars in millions) Revenue: FQ4 2015 FQ3 2015 FQ4 2014 Product $499 $494 $579 Services $509 $505 $547 Total Revenue $1,008 $999 $1,126 Gross Margin: Product 65.3% 62.3% 61.8% Services 58.7% 56.6% 57.4% Total Gross Margin 62.0% 59.5% 59.7% Operating Margin 20.0% 16.1% 18.8% Adjusted EBITDA $246 $207 $253 Adjusted EBITDA % 24.4% 20.7% 22.5% NOTE: Historical amounts presented reflect the sale of ITPS For a reconciliation of non-GAAP to GAAP financial information, please see the appendix. As Reported

© 2015 Avaya Inc. All rights reserved. 5 Quarterly Income Statement – Constant Currency Comparison (All amounts non-GAAP and dollars in millions) As Reported Revenue: FQ4 2015 FQ3 2015 FQ4 2014 Product $499 $493 $566 Services $509 $503 $525 Total Revenue $1,008 $996 $1,091 Gross Margin: Product 65.3% 62.4% 61.9% Services 58.7% 56.7% 58.5% Total Gross Margin 62.0% 59.6% 60.3% Operating Margin 20.0% 16.5% 20.5% Adjusted EBITDA $246 $209 $265 Adjusted EBITDA % 24.4% 21.0% 24.3% NOTE: Historical amounts presented reflect the sale of ITPS For a reconciliation of non-GAAP to GAAP financial information, please see the appendix. In Constant Currency

© 2015 Avaya Inc. All rights reserved. 6 Quarterly Revenue by Geographic Region (All amounts non-GAAP and dollars in millions) Revenue FQ4 2015 FQ3 2015 FQ4 2014 U.S. $562 $538 $588 EMEA $243 $263 $321 APAC $113 $107 $111 AI $90 $91 $106 Total $1,008 $999 $1,126 % of Total Revenue U.S. 56% 54% 52% EMEA 24% 26% 29% APAC 11% 11% 10% AI 9% 9% 9% Total 100% 100% 100% NOTE: Historical amounts presented reflect the sale of ITPS As Reported

© 2015 Avaya Inc. All rights reserved. 7 Quarterly Revenue by Geographic Region Constant Currency Comparison (All amounts non-GAAP and dollars in millions) As Reported Revenue FQ4 2015 FQ3 2015 FQ4 2014 U.S. $562 $538 $588 EMEA $243 $264 $303 APAC $113 $106 $107 AI $90 $88 $93 Total $1,008 $996 $1,091 % of Total Revenue U.S. 56% 54% 54% EMEA 24% 26% 28% APAC 11% 11% 10% AI 9% 9% 8% Total 100% 100% 100% NOTE: Historical amounts presented reflect the sale of ITPS In Constant Currency

© 2015 Avaya Inc. All rights reserved. 8 Q4 FY ‘15 Financial Summary ($M, as reported) Non-GAAP 4Q14 Actual 3Q15 Actual 4Q15 Actual Revenue $1,126 $999 $1,008 Gross Margin % 59.7% 59.5% 62.0% Oper Expense % 40.9% 43.3% 42.0% Oper Income % 18.8% 16.1% 20.0% Adj EBITDA $ $253 $207 $246 Adj EBITDA % 22.5% 20.7% 24.4% Q4’15  Grew revenue sequentially  Record gross margins  Strong EBITDA performance  Executed against operational improvement objectives  R&D investment over 16% of product revenue Q1’16 Guidance  Revenue $980M - $1,020M  EBITDA 22% - 25% FY 11 FY 12 FY 13 FY 14 FY 15 4QF14 3QF15 4QF15 Flagship 32% 35% 39% 43% 47% 44% 47% 49% Core 48% 49% 47% 45% 44% 47% 44% 43% Products & Services* (% of Total Avaya Revenue) For a reconciliation of non-GAAP to GAAP financial information, please see www.avaya.com/investors . NOTE: Historical amounts presented reflect the sale of ITPS * Flagship includes Video, Avaya Aura®, IP Office, leading edge Contact Center, Wireless LAN, SBC, Ethernet/fabric switching, Avaya professional services, Avaya cloud and Avaya managed services Core includes phones, gateways, servers, core contact center, and other managed and maintenance support services Legacy includes legacy Nortel and Tenovis, excluding Networking

© 2015 Avaya Inc. All rights reserved. 9  Revenue of $4,050 million, 4% lower year-over-year, in constant currency $4,081 million, on an as reported basis – Software and Services accounted for over 71% of total revenue – Professional services revenues were up 1% YoY – Contact center product revenues were up 2% YoY – Cloud and managed services revenue was up 8% Y.oY and accounted for ~8% of total revenue – Cloud and managed services revenue under contract was up 11% YoY – Revenues for maintenance were down 5% YoY, but stabilized at ~$350M for the past 3 quarters  Gross margin of 60.6% – Record levels for both Product and Services  Operating income of $728 million and 18.0% operating margin  Adjusted EBITDA of $900 million and 22.1% of revenue on an as reported basis  Cash balance of $323 million – Fiscal year 2015 Free Cash Flow was $91 million – Fiscal year 2015 Cash From Operations was $215 million Fiscal 2015 Financial Highlights (Amounts are non-GAAP, comparisons in constant currency)

© 2015 Avaya Inc. All rights reserved. 10 Annual Income Statement (All amounts non-GAAP and dollars in millions) Revenue: FY 2015 FY 2014 FY 2013 Product $2,029 $2,196 $2,338 Services $2,052 $2,175 $2,241 Total Revenue $4,081 $4,371 $4,579 Gross Margin: Product 63.3% 61.2% 58.9% Services 57.6% 56.5% 54.6% Total Gross Margin 60.5% 58.9% 56.8% Operating Margin 17.6% 16.6% 15.3% Adjusted EBITDA $900 $898 $922 Adjusted EBITDA % 22.1% 20.5% 20.1% NOTE: Historical amounts presented reflect the sale of ITPS For a reconciliation of non-GAAP to GAAP financial information, please see the appendix. As Reported

© 2015 Avaya Inc. All rights reserved. 11 Annual Income Statement – Constant Currency Comparison (All amounts non-GAAP and dollars in millions) Revenue: FY 2015 FY 2014 Product $2,018 $2,141 Services $2,032 $2,077 Total Revenue $4,050 $4,218 Gross Margin: Product 63.3% 61.4% Services 57.8% 57.8% Total Gross Margin 60.6% 59.6% Operating Margin 18.0% 18.6% Adjusted EBITDA $909 $952 Adjusted EBITDA % 22.4% 22.6% NOTE: Historical amounts presented reflect the sale of ITPS For a reconciliation of non-GAAP to GAAP financial information, please see the appendix. In Constant Currency

© 2015 Avaya Inc. All rights reserved. 12 Annual Revenue by Geographic Region (All amounts non-GAAP and dollars in millions) Revenue FY 2015 FY 2014 FY 2013 U.S. $2,203 $2,267 $2,431 EMEA $1,073 $1,234 $1,239 APAC $425 $445 $457 AI $380 $425 $452 Total $4,081 $4,371 $4,579 % of Total Revenue U.S. 54% 52% 53% EMEA 26% 28% 27% APAC 10% 10% 10% AI 10% 10% 10% Total 100% 100% 100% NOTE: Historical amounts presented reflect the sale of ITPS As Reported

© 2015 Avaya Inc. All rights reserved. 13 Annual Revenue by Geographic Region Constant Currency Comparison (All amounts non-GAAP and dollars in millions) Revenue FY 2015 FY 2014 FY 2013 U.S. $2,202 $2,265 $2,430 EMEA $1,066 $1,154 $1,179 APAC $419 $429 $433 AI $363 $370 $375 Total $4,050 $4,218 $4,417 % of Total Revenue U.S. 55% 54% 55% EMEA 26% 27% 27% APAC 10% 10% 10% AI 9% 9% 8% Total 100% 100% 100% NOTE: Historical amounts presented reflect the sale of ITPS In Constant Currency

© 2015 Avaya Inc. All rights reserved. 14 Balance Sheet and Operating Metrics (Dollars in millions, Balance sheet items as of the end of the period indicated) FQ4 2015 FQ3 2015 FQ4 2014 Total Cash and Cash Equivalents $323 $328 $322 Cash from Operations $30 $40 $15 Capital Expenditures and Capitalized Software $32 $25 $40 Days Sales Outstanding 61 61 61 Inventory Turns 9.0 9.3 9.6 Headcount (as of the end of the period indicated) 11,776 12,116 13,036 Annualized Quarterly Revenue ($K) / Headcount (as of the end of the period indicated) $342 $330 $346 NOTE: Historical amounts presented reflect the sale of ITPS

© 2015 Avaya Inc. All rights reserved. 15 Debt Profile ($ in Billions, by calendar year)  $323M Cash Balance as of 9/30/15  Over $500M in liquidity (including cash & revolver capacity) as of 9/30/15  FY ‘15 free cash flow of $91M  FY ‘15 operating cash flow of $215M  FY ‘16 cash requirements* expected to be approximately $870 million or less * For Interest, Pension, Restructuring, Capital Spending, and Cash Taxes NOTE: Amount shown for 2020 includes principal payments expected to be made prior to maturity, which total approximately $6.3M quarterly $0.6 $0.5 $1.3 $2.1 $1.4 $0.0 $0.5 $1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 2015 2016 2017 2018 2019 2020 2021 Overall Weighted Average Interest Rate 7.3% Today 11/11/15

© 2015 Avaya Inc. All rights reserved. 16 Fiscal Q1 2016 Financial Outlook (As Delivered 11/11/15)  Given beginning backlog levels, the impact of currency fluctuations on demand, economic volatility in certain countries and taking into account our current visibility, fiscal first quarter revenue is expected to be in the range of $980 million to $1 billion, 20 million dollars  Compared to Q4 FY ‘15, this is down 2% to up 2%, which is better than the historical sequential range. When compared to the normalized Q1 FY ‘15 revenue of $1,029M, this range implies a decline of 1% - 5%, with a midpoint of 3%, again, better than the historical range.  Adjusted EBITDA for Q1 FY ‘16 should benefit from our progress-to-date on operational improvements and the incremental benefits expected from actions already implemented in fiscal 2015. These will be partially offset by the effect of annual sales conference expenses and the seasonal increased in marketing spend. Taking these into account, and given the forecasted revenue range, we expect Adjusted EBITDA for Q1 FY ‘16 should be in the range of 22% to 25% of revenue.  Total cash requirements for restructuring, pension, interest, cash taxes and capital spending in fiscal 2016 are expected to be $870 million or less with restructuring cash between $90 and $100 million and pension contributions in the range of $150 to $160 million. Fiscal first quarter cash requirements for these items are expected to be $200 million or less.  * On a normalized basis; See slide 18 for Q4 FY’14 normalization calculation NOTE: Avaya does not reiterate guidance or provide any form of mid-quarter update ($M) As Reported In Constant Currency Q1 FY ’15 $1,079 $1,029* Q4 FY ’15 $1,008 $1,002 Revenue Adjusted for Constant Currency As of 11/10/15

© 2015 Avaya Inc. All rights reserved. 17 Upcoming Events (See www.avaya.com/investors for additional details)  Thursday, November 12, 2015 – Avaya 2015 Analyst & Investor Meeting – Santa Clara, CA – Presenters: – Kevin Kennedy, CEO – Jim Chirico, EVP, Business Operations – Dave Vellequette, CFO – Pierre-Paul Allard, SVP Worldwide Sales – Gary Barnett, SVP & GM, Engagement Solutions – Presentation Time: 1:00 PM PST – Webcast Access: http://www.avaya.com/investors/events/avaya-2015-analyst-and-investor-meeting/  Wednesday, December 2, 2015 – Bank of America Merrill Lynch 2015 Leveraged Finance Conference – Boca Raton, FL – Presenter: – Kevin Kennedy, CEO – Dave Vellequette, CFO – Presentation Time: TBD (see www.avaya.com/investors to confirm) Webcast links and details with supporting slides will be on the investor pages of our website www.avaya.com/investors

© 2015 Avaya Inc. All rights reserved. 18 Normalization for PS Aged Backlog ($M) Q4 FY ’14 Q1 FY ’15 Reported Revenue $1,126 $1,079 Currency Adjustment ($35) ($33) Revenue @Q4 FY ‘15 Currency $1,091 $1,046 Normalization for Aged Backlog ($31) ($17) Normalized Revenue $1,060 $1,029 Q4 ’15 Reported Revenue $1,008 YoY % Change (5%) Midpoint of Q1 FY ’16 Guidance $1,000 YoY % Change (3%)  H2 FY‘14: professional services management identified $48M of aged professional services projects in backlog  Q4 FY‘14: $31M aged projects recognized for revenue; Q1 FY‘15: $17M aged projects recognized for revenue

© 2015 Avaya Inc. All rights reserved. 19 Pension & Other Post-Retirement Benefits Trend ($M)  Cash payments are made either in compliance with applicable law and regulations where required, or to directly pay benefits where appropriate.  P&L Expense is recognized as retirement benefits are earned during the participants’ years of employment. Cash Effect (1) FY’13 Q1’14 Q2’14 Q3’14 Q4’14 FY’14 Q1’15 Q2’15 Q3’15 Q4’15 US Pension 108 23 24 59 54 160 15 25 26 29 Non-US Pension 25 5 15 4 3 27 4 13 4 4 OPEB 52 10 11 12 12 45 9 3 4 12 Total Cash Contributions 185 38 50 75 69 232 28 41 34 45 P&L Effect (1) FY’13 Q1’14 Q2’14 Q3’14 Q4’14 FY’14 Q1’15 Q2’15 Q3’15 Q4’15 US Pension 104 16 16 17 16 65 15 15 15 15 Non-US Pension 31 8 8 7 7 30 7 7 6 7 OPEB (5) 1 1 1 1 4 1 1 1 - Total P&L Expenses 130 25 25 25 24 99 23 23 22 22 (1) Data source: Refer to “Benefit Obligations” section of Avaya’s 10- Q and 10-K for the applicable periods See slide 13 for amounts used in Adjusted EBITDA calculation (to reflect amortization of prior service costs and associated gains/losses)

© 2015 Avaya Inc. All rights reserved. 20 Non-GAAP Reconciliation Adjusted EBITDA * For reconciliation of adjusted EBITDA for the third quarter of fiscal 2015, see our Form 10-Q filed with the SEC on August 4, 2015 at www.sec.gov. . 2015 2014 2015 2014 Loss from continuing operations (73)$ (49)$ (141)$ (293)$ Interest expense 117 112 452 459 Interest income - (1) (1) (2) Provision for income taxes 67 32 67 51 Depreciation and amortization 92 98 371 434 203 192 748 649 Restructuring charges, net 30 71 62 165 Sponsors’ fees 2 1 7 7 Acquisition-related costs - - 1 - Integration-related costs 2 2 3 7 Divestiture-related costs - - - 2 Loss on extinguishment of debt - - 6 5 Third-party fees expensed in connection with the debt modification - - 8 2 Non-cash share-based compensation 4 5 19 25 Gain on investments and sale of long-lived assets, net - - (1) - Gain on sale of TBU business - (14) - (14) Change in certain tax indemnifications - (1) (9) 4 Venezuela hyperinflationary and devaluation charges - - - 2 Resolution of certain legal matters - - - 8 Gain on foreign currency transactions (12) (17) (14) (18) Pension/OPEB/nonretirement postemployment benefits and long- term disability costs 17 13 69 51 Other - 1 1 3 Adjusted EBITDA 246$ 253$ 900$ 898$ EBITDA Three months ended September 30, Avaya Inc. Supplemental Schedule of Non-GAAP Adjusted EBITDA (Unaudited; in millions) Fiscal year ended September 30,

© 2015 Avaya Inc. All rights reserved. 21 Non-GAAP Reconciliation Gross Margin and Operating Income Sept. 30, Dec. 31, Mar. 31, June 30, Sept. 30, 2014 2014 2015 2015 2015 Gross Profit 655$ 638$ 592$ 584$ 616$ Gross Margin 58.2% 59.1% 59.5% 58.5% 61.1% Items excluded: Amortization of acquired technology intangible assets 14 9 7 10 9 Share-based compensation 3 2 - - - Non-GAAP Gross Profit 672$ 649$ 599$ 594$ 625$ Non-GAAP Gross Margin 59.7% 60.1% 60.2% 59.5% 62.0% Reconciliation of Non-GAAP Operating Income Operating Income 62$ 104$ 83$ 84$ 100$ Percentage of Revenue 5.5% 9.6% 8.3% 8.4% 9.9% Items excluded: Amortization of acquired intangible assets 70 66 64 65 66 Restructuring charges, net 71 15 10 7 30 Integration-related costs 3 1 - - 2 Acquisition-related costs - - - 1 - Share-based compensation 5 7 4 4 4 Other 1 - 1 - - Non-GAAP Operating Income 212$ 193$ 162$ 161$ 202$ Non-GAAP Operating Margin 18.8% 17.9% 16.3% 16.1% 20.0% Avaya Inc. Supplemental Schedules of Non-GAAP Reconciliations (Unaudited; in millions) Three Months Ended Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin

© 2015 Avaya Inc. All rights reserved. 22 Non-GAAP Reconciliation Product and Services Gross Margins Sept. 30, Dec. 31, Mar. 31, June 30, Sept. 30, 2014 2014 2015 2015 2015 Revenue 579$ 549$ 487$ 494$ 499$ Costs (exclusive of amortization of technology intangible assets)ts (exclusive of amortization of acquired technology intangible assets) 221 203 182 186 173 Amortization of technology intangible assetsortiz tion of acquired technology intangible a sets 14 9 7 10 9 GAAP Gross Profit 344 337 298 298 317 GAAP Gross Margin 59.4% 61.4% 61.2% 60.3% 63.5% Items excluded: Amortization of acquired technology intangible assets 14 9 7 10 9 Non-GAAP Gross Profit 358$ 346$ 305$ 308$ 326$ Non-GAAP Gross Margin 61.8% 63.0% 62.6% 62.3% 65.3% Revenue 547$ 530$ 508$ 505$ 509$ Costs 236 229 214 219 210 GAAP Gross Profit 311 301 294 286 299 GAAP Gross Margin 56.9% 56.8% 57.9% 56.6% 58.7% Items excluded: Share-based compensation 3 2 - - - Non-GAAP Gross Profit 314$ 303$ 294$ 286$ 299$ Non-GAAP Gross Margin 57.4% 57.2% 57.9% 56.6% 58.7% Avaya Inc. (Unaudited; in millions) Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin - Services Reconciliation of Non-GAAP Gross Profit and Non-GAAP Gross Margin - Products Supplemental Schedules of Non-GAAP Reconciliation of Gross Profit and Gross Margin by Portfolio Three Months Ended