Communications equipment maker Avaya, which employs 225 people in Dublin and Bray, reported a net loss and lower operating profits in the fiscal fourth quarter as customer spending declined but said it aims to top Wall Street's 2002 estimates.

Avaya, which makes technology for operator call centres and cabling systems for corporate campuses, posted a net loss of $328 million, or a loss of $1.17 a diluted share, compared with a net loss of $543 million, or a loss of $1.95 a diluted share, in the same period last year.

This year's results included a $540 million pretax restructuring charge and $67 million pretax charge related to its spin-off last year from Lucent Technologies.