Avid Q2 2012 Revenue Declines Three Percent

August 1, 2012, 06:25 AM

http://blog.devoncroft.com/2012/07/31/avid-q2-2012...

Avid reported that its revenue for the second quarter of 2012 was USD157.4m, down 3 Percent versus the same period a year ago, and up 3 Percent versus the previous quarter. The GAAP net loss for the second quarter was USD39.0m, or USD1.01 per share, compared to a GAAP net loss of USD11.1m, or USD0.29 per share, in the second quarter of 2011. On a non-GAAP basis, the net loss for the quarter was USD4.1m, or YSD0.11 per share, compared to non-GAAP net loss of USD3.4m, or USD0.09 per share...

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