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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.

United statesJeff rosicaJim sheehanKen gayronWhit rappoleAvid technology incExchange commissionSecurities exchangeAvid technologySequential revenue growthFourth quarterEnd markets continueYear over subscription revenue growthFourth quarter drivenNet increaseStrong enterprise subscription sales