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realfast95 Member Level  Wednesday, 11/20/19 05:15:54 PM
Re: None
Post # of 33 
Transcript question and answer:


Nandan Amladi (Guggenheim)

And a follow-up for Kieran on the buyback. The average share count for the year seems to indicate that this will be a fairly slow. Just trying to gauge the cadence of the buyback over the next quarter or two?

Kieran McGrath (Avaya)

Honestly, I hate to disagree with you. But the average I just gave you says that we'd be taking out anywhere between 23% and 28% of our share count in the year. That doesn't seem slow to me.

https://seekingalpha.com/article/4308109-avaya-holdings-corp-avya-ceo-jim-chirico-q4-2019-results-earnings-call-transcript?page=12

Prepared remarks that prompted the question:

Finally, for the fiscal year, we expect our weighted average shares outstanding to be between 95 million and 100 million shares and to end the year with approximately 80 million to 85 million shares outstanding.

https://seekingalpha.com/article/4308109-avaya-holdings-corp-avya-ceo-jim-chirico-q4-2019-results-earnings-call-transcript?page=7



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