The company actually managed to turn profitable despite a pandemic induced headwind that cut 50% of their product sales. The good results were produced by an ongoing shift to SaaS and aggressive reduction in COGS and OpEx. Much of that is going to last when product sales gradually return. We think the shares are well […]
Entries Tagged as 'AVID'
September 20th, 2020 · Comments Off on Avid Turnaround Has Considerably Further To Run
April 29th, 2020 · Comments Off on Avid Technology’s Move To The Cloud Gains Traction
The company has long been struggling to get growing again with a number of false dawns the past decade in a competitive industry. However, it looks like its focus on SaaS solutions is finally starting to pay off, gaining critical mass. The economic effects of the COVID-19 pandemic will hide much of that progress this […]