Avid Technology (AVID) Tops Q1 EPS by 7c
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Avid Technology Announces Q1 2019 Results
May 6, 2019 4:06 PM EDTContinued growth with revenue at high end of guidance and Adjusted EBITDA exceeding guidance
New amended financing agreement provides long-term flexible capital to execute the business plan
BURLINGTON, Mass., May 06, 2019 (GLOBE NEWSWIRE) -- Avid® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its first quarter 2019 financial results, provided guidance for the second quarter of 2019 and reaffirmed full-year 2019 guidance.
First Quarter 2019 Financial and Business Highlights
Revenue was $103.3 million, the second consecutive quarter of 5% year-over-year growth. Gross... More