Avid Technology (AVID) Misses Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY19 Revenues Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 11/3/2026

1. AAPL
2. PLTR
3. DOX
4. VRTX
5. CHKP
6. CRWD
7. ON
8. INSP
9. HNGE
10. AMD

Go back to Avid Technology (AVID) Misses Q4 EPS by 2c, Revenues Beat; Offers Q1 & FY19 Revenues Guidance

Avid Technology Announces Q4 and Full Year 2018 Results

March 14, 2019 4:57 PM EDT

BURLINGTON, Mass., March 14, 2019 /PRNewswire/ -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its fourth quarter and full-year 2018 financial results, provided guidance for the first quarter of 2019 and reaffirmed full-year 2019 guidance.

Fourth Quarter 2018 Financial and Business Highlights

Revenue was $112.7 million, an increase of 5% year-over-year and 8% sequentially. Revenue excluding non-cash revenue was $112.4 million, an increase of 7% year-over-year and 10% sequentially. Gross Margin was 59.0%, up 450 basis points year-over-year. Non-GAAP Gross Margin was 60.8%, up 480 basis points year-over-year. Operating Expenses were $54.4... More