Avid technology announces q2 2023 results

Total revenue of $108.5 million, an increase of 11.1% year-over-year or 13.0% at constant currency subscription annual recurring revenue (arr) of $154 million at quarter end, an increase of 27.0% year-over-year, and total arr of $248 million, an increase of 7.1% year-over-year subscription revenue of $44.4m, an increase of 30.2% year-over-year, driven by a net increase of 17,700 active paid software subscriptions in the quarter, including continued growth in enterprise subscriptions burlington, mass., aug. 09, 2023 (globe newswire) -- avid® (nasdaq: avid), a leading technology provider that powers the media and entertainment industry, today announced its financial results for the second quarter of 2023, which ended on june 30, 2023.
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