The highest-paid chief executives at publicly traded technology companies in Massachusetts saw compensation that ranged from just $83,274 to over $230 million last year.
Operator
Good afternoon, ladies and gentlemen and welcome to the Avid Technology s Fourth Quarter and Full Year Earnings Conference Call. [Operator Instructions]
Now let me turn the call over to Whit Rappole, VP of Investor Relations.
Whit Rappole
Vice President, Corporate Development and Investor Relations
Thank you, Karina. Good afternoon, everyone. And thank you for joining us today for Avid Technology s fourth quarter and full year 2020 earnings call for the period ending December 31, 2020.
My name is Whit Rappole, Avid s Vice President for Corporate Development and Investor Relations. With me this afternoon are Jeff Rosica, our Chief Executive Officer and President; and Ken Gayron, our Chief Financial Officer and EVP. In their prepared remarks, Jeff will provide an overview of our business and then Ken will provide a detailed review of our financial and operating results, followed by time for your questions.
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.
Boston-area tech firms rack up Emmy awards
Akamai, Avid, and Brightcove all receive national recognition for their video technology.
By Jon Chesto Globe Staff,Updated February 5, 2021, 9:26 a.m.
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Boston cleaned up in the latest round of Emmy awards.
No, not with Boston-set TV shows, or Boston-bred actors and writers. The winners this time? Companies responsible for the technology that helps bring those shows and live events to your TVs, computers, and phones.
Three Greater Boston tech companies won a total of five Technology & Engineering Emmy Awards last week, out of roughly 70 or so that were given out for 2020: Cambridge-based Akamai Technologies, Boston-based Brightcove, and Avid Technology in Burlington.
Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
Avid Technology Announces Closing of Debt Refinancing Resulting in Expected $10 Million Annual Interest Savings
New Facility Expected to Improve Free Cash Flow by Approximately $10 Million and Non-GAAP Net Income per Share by Approximately $0.22 in 2021
New JPMorgan-Led Credit Facility Consists of $180 Million Term Loan and $70 Million Unfunded Revolving Credit Facility
Refinancing Reduces Avid’s Funded Debt by Approximately $21 Million and the Effective Cash Interest Rate by 450bps from 7.75% to 3.25%
Terms of the New Facility Provide Avid Significant Incremental Flexibility to Support Its Strategy and Growth Plans
BURLINGTON, Mass., Jan. 05, 2021 Avid