Avid technology revises q1 guidance and withdraws full-year 2020 guidance given impact of covid-19

Revises q1 guidance and withdraws full-year 2020 guidance given impact of covid-19 on business environment.avid technology - expects to report record growth in new paid subscriptions in q1, resulting in improving subscription and maintenance revenue.company now expects its subscription and maintenance revenue will be between $44.5 million and $46.0 million.for q1 2020, total revenue will be approximately 13% - 15% below mid-point of prior guidance.avid technology - in q1, co did not experience any material production issues related to its supply chain.
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