Avid Technology (AVID) Misses Q3 EPS by 6c, Offers Guidance

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Avid Technology Announces Q3 2018 Results and Updates Full-Year 2018 Guidance

November 7, 2018 4:05 PM EST

Operating Income increased 90% year-over-year and Adjusted EBITDA increased 26% year-over-year driven by an improvement in Gross Margin and reduction in Operating Expenses

Subscription revenue grew 27% year-over-year, largely driven by the Companys e-commerce business which grew 43% year-over-year

BURLINGTON, Mass., Nov. 07, 2018 (GLOBE NEWSWIRE) -- Avid® (NASDAQ:... More