Avid Technology, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 97.68 million compared to USD 94.88 million a year ago. Net income was USD 7.37 million compared to USD 7.01 million a year ago. Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.15 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.15 a year ago.
For the six months, revenue was USD 198.33 million compared to USD 189.24 million a year ago. Net income was USD 17.96 million compared to USD 11.4 million a year ago. Basic earnings per share from continuing operations was USD 0.4 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.4 compared to USD 0.25 a year ago.