How many daw users worldwide11/14/2022 ![]() ![]() ![]() And we've operated really, really well in this mode. We haven't been going to the offices except for some critical personnel who need access to servers and things like that. I think a little over a year ago, in mid-March 2020, Avid decided to keep everyone at home and to limit travel, unless there was a real imperious reason and it's been going on since then. MIke: How's lockdown been treating you, have you been working from home, as most of us are?įrancois: Absolutely. I'm not sure whether I need to stand up, kneel down or salute, but anyway, thank you for taking the time out of your busy schedule to be with usįrancois: Mike, it's always a pleasure to have a conversation with you guys. Now it was that headline we felt was of real interest to our community, as this is a significant increase in subscription revenue, rather than just the overall sort of financial figures and to help us dig into this headline I'm joined by Francois Quereuil who recently got a new job at Avid as Vice President Audio, Product Management. “The results said 54.9% year over year subscription revenue growth in the fourth quarter, driven by a net increase of approximately 27,000 paid subscriptions and strong enterprise subscription sales in the quarter”. Now, most of the detail was rightly targeted at financial investment communities, but one stat jumped out to us and it was this… ![]() MIke: Last month, Avid announced their fourth quarter and full-year 2020 financial results. Transcript Of The Production Expert Interview with Avid’s Francois Quereuil We recommend that you read or listen to the interview IN FULL, but if your time is limited then there is a summary of the key takeaways from this exclusive interview at the end of this article. You can choose to listen to our podcast extra podcast interview or read the transcript to get the story of the increase in subscription revenue and how that impacts what Avid is able to do. So we asked Avid some questions and rather than give us a statement, Francois Quereuil who is now Vice President Audio, Product Management offered to sit and chat this through and we also discussed now Avid had restructured the business during the pandemic as well as future plans for HDX and the Hybrid Engine. What this appeared to show is that there is a significant growth in subscriptions and this was something we wanted to investigate. It’s not something we often report on here at Pro Tools Expert but one stat jumped out at us, that there was a 54.9% year over year growth in subscription revenue growth in the fourth quarter. Last month Avid announced its 4th quarter and financial results. ![]()
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