Avid Technology (AVID) Misses Q3 EPS by 49c
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Avid Announces Financial Results for Third Quarter 2015
November 5, 2015 4:59 PM ESTBURLINGTON, Mass., Nov. 05, 2015 (GLOBE NEWSWIRE) -- Avid® (Nasdaq: AVID) announced today that it has released third quarter results and updated its 2015 full year guidance. Â
Q3 2015 Highlights
Bookings as reported increased 2.6% year on year to $115.1 million. Bookings on a constant dollar basis grew 9% year on year to $121 million.Revenue as reported declined by 4% year on year to $137 million but increased 25% sequentially.  Revenue on a constant dollar basis was lower by 0.2% year on year. Pre-2011 revenue and non-marketed product bookings headwinds continue to diminish.Recurring revenue bookings increased 42%... More