Avid Technology (AVID) Misses Q4 EPS by 2c, Offers Guidance
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Avid Technology Announces Q4 and Full Year 2019 Results
March 9, 2020 4:05 PM EDTRobust year-over-year Q4 subscription revenue growth of 54% leads to significant improvement in Recurring Revenue
Continued gross margin expansion and strong Free Cash Flow
BURLINGTON, Mass., March 09, 2020 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its fourth quarter and full-year 2019 financial results, provided guidance for the first quarter of 2020 and reaffirmed its full-year 2020 guidance.
Fourth Quarter 2019 Financial and Business Highlights
Subscription revenue was $15.8 million, up 53.6% year-over-yearSubscription and Maintenance revenue was $49.3 million, up 10.3%... More