Archive | April 28, 2012

Avid Q1 Pro Editors Revenue Down 30%

28 Apr

Avid confirmed the Q1 data released earlier this month (Avid Downward Trend Continues), that overall revenues were lower than a year ago — $152.1 million for the three-month period ended March 31, 2012, compared to $166.3 million for the same period in 2011. The GAAP net loss for the first quarter was $15.6 million, or $0.40 per share, compared to a GAAP net loss of $5.1 million, or $0.13 per share, in the first quarter of 2011.

Harmonic Q1 Revenue Down, Losses Up

28 Apr

Harmonic Inc.  announced that its Q1 net revenue for the first quarter of 2012 was $127.7 million, compared to $132.8 million in the first quarter of 2011. As previously announced, net revenue for the first quarter of 2012 was adversely impacted by an unexpectedly slow order rate in the early part of the quarter and a decline in demand from European customers throughout the quarter.