AVID Q1 2015 Earnings Update

AVID announced Q1 2015 earnings (quarter ended March 31, 2015) on May 7,, 2015. Revenues were $120 million down from $135 million last year. They made a Non-GAAP profit of $.17 per share versus a $.38 profit last year.  Our valuation slipped to $22.59  from $23.86 last quarter. They reaffirmed their 2015 guidance of $72-$78 million of adjusted EBITDA. We are keeping this as a BUY.

http://finance.yahoo.com/news/avid-announces-financial-results-first-201100764.html

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