Avid Technology Announces Q4 and FY 2020 Results
March 09, 2021 16:05 ET | Source: Avid Technology, Inc. Avid Technology, Inc. Burlington, Massachusetts, UNITED STATES
15.3% Sequential Revenue Growth in the Fourth Quarter as End Markets Continue to Recover from COVID-19 Downturn
54.9% Year-Over-Year Subscription Revenue Growth in the Fourth Quarter Driven by Net Increase of Approximately 27,000 Paid Subscriptions and Strong Enterprise Subscription Sales in the Quarter
$30.7 million in Net Cash Provided by Operating Activities in the Fourth Quarter Leading to Free Cash Flow of $30.6 million in the Quarter
BURLINGTON, Mass., March 09, 2021 (GLOBE NEWSWIRE) Avid
® (NASDAQ: AVID), a leading technology provider that powers the media and entertainment industry, today announced its financial results for the fourth quarter and full year ended December 31, 2020.
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