Avid Technology (AVID) Reports Q4 EPS of 13c
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Avid Technology Announces Q4 2016 Results and Issues Q1 and FY 2017 Guidance
March 23, 2017 6:26 AM EDTMet 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