Avid Announces Results for First Quarter

April 21, 2011, 07:36 PM


Avid (NASDAQ: AVID) today reported revenues of 166.3 million for the three-month period ended March 31, 2011, compared to 156.0 million for the same period in 2010. The GAAP net loss for the first quarter was 5.1 million, or 0.13 per share, compared to a GAAP net loss of 13.5 million, or 0.36 per share, in the first quarter of 2010.

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