Avid Announces Second Quarter 2016 Results
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Avid Technology (AVID) Tops Q1 Views, Guides
August 3, 2016 4:17 PM EDTAvid Technology (NASDAQ: AVID) reported Q1 EPS of $0.33, $0.41 better than the analyst estimate of ($0.08). Revenue for the quarter came in at $134.4 million versus the consensus estimate of $110.1 million.
GUIDANCE:
Avid Technology sees Q3 2016 revenue of $120-135 million, versus the consensus of $131.9 million.
Avid Technology sees FY2016 revenue of $535-565 million, versus the consensus of $521.56 million.
We delivered bookings, adjusted free cash flow and non-GAAP operating expenses in line with guidance, and non-GAAP revenue and adjusted EBITDA above the guidance range, said Louis Hernandez, Jr, Chairman,... More
