Comparing the current results to its competitors, Avid Technology Inc reported Revenue increase in the 3 quarter 2021 by 12.4 % year on year. The revenue growth was below Avid Technology Inc 's competitors' average revenue growth of 16.6 %, achieved in the same quarter.
Avid Technology Inc Net Income in the 3 quarter 2021 grew year on year by 84.99%, faster than the Avid Technology Inc 's competitors average income growth of 56.96 %
Avid Technology Inc 's Comment on Competition and Industry Peers
Our customer markets are highly competitive and subject to rapid change and declining
average selling prices. The competitive landscape is fragmented with a large number
of companies providing various types of products and services in different markets
and geographic areas. We provide integrated solutions that compete based on total
value workflow, features, quality, service and price. Companies with which we
compete in some contexts may also act as our partners in other contexts, such
as large enterprise customer environments.
Certain companies that compete with us across some of our products and solutions
are listed below by the market in which they compete:
Broadcast and Media: The Associated Press Inc., Belden Inc., Bitcentral Inc.,
Dalet S.A., EVS Corporation, Harmonic Inc., Imagine Communications Corp, Ross
Video Limited and Vizrt Ltd., among others.
Audio and Video Post and Professional: Ableton AG, Autodesk Inc., Blackmagic
Design Pty Ltd, Harman International Industries Inc., Universal Audio Inc. and
Yamaha Corporation, among others.
In addition, we compete across both previously mentioned markets with companies
such as Adobe Systems Incorporated, Apple Inc., Editshare LLC, Snell Advanced
Media, Sony Corporation and EMC Corporation.
Cisco Systems Inc operates a business model focused on providing networking and communication technology solutions, including hardware, software, and services. The company caters to businesses and organizations globally, enabling them to enhance connectivity, security, and collaboration through its innovative products and services.
Utstarcom Holdings Corp is a global telecommunications equipment company that focuses on providing networking and broadband access solutions. They primarily operate in the areas of network infrastructure, software, and services. Their business model revolves around developing and selling innovative products and providing comprehensive solutions to telecommunication service providers worldwide.
Seachange International Inc operates as a software company, providing solutions for the management, distribution, and monetization of video content across various platforms. Its business model focuses on developing, licensing, and supporting software products and services that enable media companies to deliver personalized video content to consumers.
Parkervision Inc is a technology company that specializes in the development and licensing of wireless technology products and solutions. Their business model revolves around creating and selling innovative wireless technologies to manufacturers, as well as licensing their intellectual property to generate revenue. By focusing on research and development, Parkervision aims to generate continuous growth and profitability within the wireless technology industry.
Sources:
Avid Technology Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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