Avaya was spun off from Lucent Technologies three years ago and has struggled due in part to a sharp pullback in spending on telecommunications equipment by potential customers.
The Basking Ridge, N.J., company said it earned net income of $66 million, or 15 cents a share, for its fiscal fourth quarter, ending Sept. 30. Avaya said net income was boosted by a $46 million gain from changes in its pension plan.
Tuesday's results compare with a $544 million loss for the same period a year ago. Revenue was down slightly at $1.12 billion compared with $1.15 billion in the fourth quarter of 2002.
Revenue for fiscal 2003 was $4.34 billion compared to $4.96 billion for 2002, a decline of 12.5 percent. For the year, the company had a net loss of $88 million compared with a net loss of $666 million for fiscal 2002.