Avid Technology, Inc. - Q4 Current Report

October 21, 2014, 04:44 AM

http://ir.avid.com/secfiling.cfm?FilingID=896841-1...

We are pleased with our results for the second quarter, which demonstrated continued growth, cost reduction and profitability progress on our three-phase transformation plan. We continue to believe our 2014 Adjusted EBITDA establishes a base on which we can continue to improve. Our updated bookings and free cash flow guidance primarily reflects the inherent variability associated with larger transactions, ” said John Frederick, Executive Vice President, Chief Financial and Administrative Offic...