Avid Technology (AVID) Reports Q4 EPS of 13c

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Go back to Avid Technology (AVID) Reports Q4 EPS of 13c

Avid Technology Announces Q4 2016 Results and Issues Q1 and FY 2017 Guidance

March 23, 2017 6:26 AM EDT

Met or Exceeded Guidance for All Metrics and Delivered Positive Adjusted Free Cash Flow in Q4

Strong Sequential Bookings Growth

Efficiency Program Reduces Operating Expenses 29% Year-over-Year in Q4

Positive Adjusted Free Cash Flow Expected in 2017

BURLINGTON, Mass., March 23, 2017 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced its fourth quarter and full year 2016 financial results today and provided financial guidance for first quarter and full year 2017.

Highlights of Fourth Quarter 2016 Results

GAAP and Non-GAAP Revenue... More