Avid Technology Inc's Corporate Customers have recorded an advance in their cost of revenue by 2.89 % in the 3 quarter 2021 year on year, sequentially costs of revenue were trimmed by -0.17 %. During the corresponding time, Avid Technology Inc recorded a revenue increase by 12.4 % year on year, sequentially revenue grew by 7.13 %. While revenue at the Avid Technology Inc 's corporate clients recorded rose by 5.28 % year on year, sequentially revenue fell by -3.52 %.
Avid Technology Inc's Customers have recorded an advance in their cost of revenue by 2.89 % in the 3 quarter 2021 year on year, sequentially costs of revenue were trimmed by -0.17 %, for the same period Avid Technology Inc recorded revenue increase by 12.4 % year on year, sequentially revenue grew by 7.13 %.
Avid Technology Inc's Comment on Sales, Marketing and Customers
Broadcast and Media. This market consists of broadcast, government, sports and
other organizations that acquire, create, process, and/or distribute audio and
video content to a large audience for communication, entertainment, analysis,
and/or forensic purposes. Customers in this industry rely on workflows that span
content acquisition, creation, editing, distribution, sales and redistribution
and utilize all content distribution platforms, including web, mobile, internet
protocol television, cable, satellite, on-air and various other proprietary platforms.
For this market, we offer a range of open products and solutions including hardware-
and software-based video- and audio-editing tools, collaborative workflow and
asset management solutions, and automation tools, as well as scalable media storage
options. Our domain expertise also allows us to provide customers in this market
with a range of professional and consulting services. We sell into this market
through our direct sales force and resellers.
Video and Audio Post and Professional. This market is made up of individual
artists and entities that create audio and video media as a paid service, but
do not currently distribute media to end consumers on a large scale. This industry
spans a wide-ranging target audience that includes: independent video editors,
facilities and filmmakers that produce video media as a business but are not
broadcasters; professional sound designers, editors and mixers and facilities
that specialize in the creation of audio for picture; songwriters, musicians,
producers, film composers and engineers who compose and record music professionally;
technicians, engineers, rental companies and facilities that present, record
and broadcast audio and video for live performances; and students and teachers
in career technical education programs in high schools, colleges and universities,
as well as in post-secondary vocational schools, that prepare students for professional
media production careers in the digital workplace. For this market, we offer
a range of products and solutions based on the Avid MediaCentral Platform, including
hardware- and software-based creative production tools, scalable media storage
options and collaborative workflows. Our domain expertise also allows us to
provide customers in this market with a broad range of professional services.
We sell into this market through storefront and on-line retailers, as well as
through our direct sales force and resellers.
Avid Technology Inc’s Comment on Sales, Marketing and Customers
Broadcast and Media. This market consists of broadcast, government, sports and
other organizations that acquire, create, process, and/or distribute audio and
video content to a large audience for communication, entertainment, analysis,
and/or forensic purposes. Customers in this industry rely on workflows that span
content acquisition, creation, editing, distribution, sales and redistribution
and utilize all content distribution platforms, including web, mobile, internet
protocol television, cable, satellite, on-air and various other proprietary platforms.
For this market, we offer a range of open products and solutions including hardware-
and software-based video- and audio-editing tools, collaborative workflow and
asset management solutions, and automation tools, as well as scalable media storage
options. Our domain expertise also allows us to provide customers in this market
with a range of professional and consulting services. We sell into this market
through our direct sales force and resellers.
Video and Audio Post and Professional. This market is made up of individual
artists and entities that create audio and video media as a paid service, but
do not currently distribute media to end consumers on a large scale. This industry
spans a wide-ranging target audience that includes: independent video editors,
facilities and filmmakers that produce video media as a business but are not
broadcasters; professional sound designers, editors and mixers and facilities
that specialize in the creation of audio for picture; songwriters, musicians,
producers, film composers and engineers who compose and record music professionally;
technicians, engineers, rental companies and facilities that present, record
and broadcast audio and video for live performances; and students and teachers
in career technical education programs in high schools, colleges and universities,
as well as in post-secondary vocational schools, that prepare students for professional
media production careers in the digital workplace. For this market, we offer
a range of products and solutions based on the Avid MediaCentral Platform, including
hardware- and software-based creative production tools, scalable media storage
options and collaborative workflows. Our domain expertise also allows us to
provide customers in this market with a broad range of professional services.
We sell into this market through storefront and on-line retailers, as well as
through our direct sales force and resellers.
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: Avid Technology Inc’s corporate clients.
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