Avid Technology (AVID) Tops Q1 Views, Guides
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Avid Announces Second Quarter 2016 Results
August 3, 2016 4:04 PM EDTMet or Exceeded Guidance for All Metrics
Updates Full-Year Guidance; Maintains Guidance for Bookings and forPositive Adjusted Free Cash Flow
Avid Everywhere Momentum Continues to Build with MediaCentral Platform Licenses up 47% and Cloud-Enabled Subscriptions up 3.9x Year-over-Year
BURLINGTON, Mass., Aug. 03, 2016 (GLOBE NEWSWIRE) --  Avid® (Nasdaq: AVID) announced its second quarter 2016 financial results today, provided third quarter 2016 financial guidance and updated its guidance for full year 2016.
Second Quarter 2016 Financial Highlights
GAAP Revenue was $134.1 million, up 22.1% year-over-year; non-GAAP Revenue... More