Allot - Second Quarter 2022 Financial Results

On the 16th of August, Allot global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide, announced its unaudited second quarter 2022 financial results. Highlights: Second quarter revenues were $32.8 million compared with $35.3 million in the second quarter of last year; Gross margin on a non-GAAP basis was 70%; GAAP operating loss was $6.5 million and non-GAAP operating loss was $4.2 million; GAAP net loss was $6.2 million and non-GAAP net loss was $4.2 million.

For 2022, management adjusts its previously announced guidance as follows: Revenues to be between $125 – 130 million; (the third quarter of 2022 is expected to be approximately $25 million); December 2022 total ARR including SECaas ARR* and Support & Maintenance ARR* to be between $50-52 million, representing approximately 15% year-over-year growth versus 2021 at the midpoint; December 2022 SECaas ARR to be approximately $9 million;

Erez Antebi, President & CEO of Allot, commented, “Several sizeable CAPEX deals that we expected to conclude and be able to at least partially delivered in the second and third quarters, are now not expected to close before the fourth quarter. As a result, we are modifying our revenue forecast for the remainder of this year.”

Avaya Reports Selected Additional Preliminary Third Quarter Fiscal 2022 Financial Results

On the 9th of August, Avaya reported selected additional preliminary financial results for the third quarter of fiscal 2022 ended June 30, 2022. All financial results for the third quarter ended June 30, 2022 and related comparisons to prior periods included in this release are preliminary, have not been reviewed or audited, are based on the Company's estimates and were prepared prior to the completion of the Company's financial statement close process. Report highlights: evenues of $577 million, down 20% year over year in constant currency; OneCloud ARR (Annualized Recurring Revenue) was approximately $838 million, up 12% sequentially and 97% from a year ago; CAPS (Cloud, Alliance Partner and Subscription) was 53% of revenue, up from 40% a year ago; Recurring revenue was 70% of revenue, up from 64% a year ago; GAAP Operating loss was $1,353 million and Non-GAAP Operating income was $20 million.

Alan Masarek, President and CEO of Avaya, said, “Our preliminary financial results for the quarter reflect operational and executional shortcomings, amplified against the backdrop of a volatile economic environment. We are taking aggressive actions to right-size Avaya’s cost structure to align with our contractual, recurring revenue business model. We have already begun operationalizing our recently announced savings initiatives and expect to identify additional areas as our work continues. At the same time, we will focus our investments on driving innovation and advancing product development for the benefit of our customers.”

Al Soft Compliance With Sanctions and Regulations

Historically our business has been connected with Russia and the Commonwealth Independent States. However, we would like to emphasize that Al Soft is committed to adhering to the economic sanctions laws and regulations administered by the EU and OFAC and the economic sanctions laws and regulations that apply to our operations in the other countries where we operate. 

The policy and commitment of Al Soft to comply fully with all applicable laws and regulations governing economic sanctions and export controls may lead to diversification or change in the main profile of the business. We apologize for any inconvenience this may cause and would like to assure you that Al Soft will remain the leading expert in the world of IT. 

We furthermore thank you for your understanding and support and are looking forward to continued good and trustful cooperation.

OpenText Recognized as a Leader in 2022 Aspire CCM-CXM Leaderboard

On the 28th of July, OpenText announced that it marks fifth year as market leader underpinned by investments in AI, content services and customer data platforms to drive Customer Experience Management (CXM) integration. The two solutions brought OpenText to the front line OpenText Experience Platform for Communications solution has been recognized as a Leader in the 2022 Aspire Leaderboard for Communications Experience Platform (CXP). Additionally, OpenText market leading Customer Communications Management (CCM) product, OpenText Exstream, has been named a leader in AnyPrem CCM Software.

“OpenText is actively driving integrated CCM/CXM platform development, offering data-driven communications and digital experiences, underpinned by investments in AI, content services and customer data platforms,” said Kaspar Roos, founder and CEO of Aspire. “With its accelerated shift to the cloud, redesigned interfaces for the majority of its CCM (and CXM) products, deeper integration, and a greater focus on AI, we believe OpenText is prepared to continue shaping the CCM market in the years ahead.”

OpenText Launches Three New Solutions on Salesforce AppExchange

On the 21st of July, OpenText announced the addition of three new solutions on the Salesforce AppExchange.

“Through our expanded offering on AppExchange, businesses can strategically manage customer relationships and connect with even more key OpenText solutions to elevate information-led customer management and experiences,” said Ted Harrison, Executive Vice President, Enterprise Sales at OpenText. “The addition of these three solutions provides customers access to one of the most comprehensive ranges of content management solutions.”

Additional OpenText solutions now available on the Salesforce AppExchange include:

OpenText Media Management: OpenText Media Management for Salesforce provides easy access to rich media assets directly from within the CRM platform. OTMM helps drive increased productivity and efficiency for all sales and service teams, while maintaining overall brand experience. OpenText Documentum: OpenText Documentum for Salesforce is an enterprise solution for sharing and managing documents and content, enabling users to access valuable information that is already managed within their secure Documentum environment directly from within Salesforce to streamline process and expedite decision making.