In addition, he said, the double-digit growth of the digital video business contributed to the boost. "I think those results are part of an ongoing effort to get a little bit tighter control of the business," Rogers said. of San Jose, Calif., Avid's good financial news is largely the result of CEO William J. bought a 6.75 percent share of the company and Avid pledged to extend its product offerings for Intel-standard PCs (see 03.31.97, ).Īccording to Ralph Rogers, multimedia analyst with Dataquest Inc. The company's Digidesign division handles the ProTools line of audio recording, editing and mixing systems.Īvid broadened its platform perspective in March when Intel Corp. Revenues for the quarter were $116.5 million, up 1.6 percent from $114.7 million in the third quarter of 1996.Īvid's extensive Mac-based offerings include the Media Composer and MCXpress lines of digital video editing systems and Elastic Reality image-manipulation software. 30 was $8.8 million, compared with a loss of $6.8 million in the third quarter of 1996. of Tewksbury, Mass., yesterday announced its financial results for the company's third quarter. Key digital video company Avid Technology Inc.
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