Avid Technology (AVID) Misses Q3 EPS by 49c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/27/2026

1. ORCL
2. AVGO
3. CDNS
4. ANT
5. META
6. SPY
7. INTC
8. JBLU
9. AAPL
10. NVDA

Go back to Avid Technology (AVID) Misses Q3 EPS by 49c

Avid Announces Financial Results for Third Quarter 2015

November 5, 2015 4:59 PM EST

BURLINGTON, Mass., Nov. 05, 2015 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced today that it has released third quarter results and updated its 2015 full year guidance.  

Q3 2015 Highlights

Bookings as reported increased 2.6% year on year to $115.1 million.  Bookings on a constant dollar basis grew 9% year on year to $121 million.Revenue as reported declined by 4% year on year to $137 million but increased 25% sequentially.  Revenue on a constant dollar basis was lower by 0.2% year on year.  Pre-2011 revenue and non-marketed product bookings headwinds continue to diminish.Recurring revenue bookings increased 42%... More