Avid Technology (AVID) Misses Q1 Views

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Avid Technology Announces Q1 2018 Results and Issues Q2 2018 Guidance

May 10, 2018 4:22 PM EDT

Continued focus produces $3.3 million of free cash flow, increased gross margins and bookings growth of 5% as sales momentum continues

Avid signs amendment to its senior secured facility, reducing the interest rate and fees by a total of 1.25%, extending the term to May 2023 and increasing the facility by $35 million

Avids Board elects Peter Westley, representative of one of Avids largest shareholders, as Chairman

BURLINGTON, Mass., May 10, 2018 (GLOBE NEWSWIRE) --... More