Archive | April 13, 2012

Avid Downward Trend Continues

13 Apr

Preliminary financial results from Avid show that the company currently expects revenues for the three-month period ended March 31, 2012 to be approximately $152 million. First quarter revenues were negatively impacted by weaker demand in the creative enthusiast portion of the company’s business, with revenues down approximately 30 percent compared to the first quarter of 2011. Revenues for the remainder of the business were down modestly compared to last year, according to Avid.