Avid technology posts q1 loss per share of $0.14

Avid technology announces q1 2020 results.q1 non-gaap loss per share $0.08.q1 loss per share $0.14.q1 revenue $86.5 million versus refinitiv ibes estimate of $92.5 million.q1 earnings per share estimate $-0.01 -- refinitiv ibes data.qtrly subscription revenue growth of 50% year-over-year.customer interest in co's cloud-based business continuity, shared storage, remote production solutions increased substantially.avid technology - benefitting from trend of large and medium sized media companies to support needs for business continuity and work-from-home.
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