Overall, recovery with good results as fourth that are Thank everyone. through quarter. and gradual XXXX started our the the financial continued business the you during we afternoon and third as quarter pleased Jeff, exit very we
from saw sequential growth. combined the sequential resulted in free revenue and with reduction Avid strength and integrated strong capital These trends with strong working revenue to improved subscription quarter. product the strong growth show our quarter. exceptional during expenses in significant cash in profitability continued generating areas fourth areas a Recurring had solutions year-over-year flow and operating ACV. of growing All Non-recurring improvement
XXXX will integrated non-recurring our and revenue in be high-quality the portions our of business business, focus solutions. related Our subscription improve recurring the drive to streams to
financial financial improvement key now expect these flow including free results. and profitability turn cash stronger metrics, to in years. that, in details to XXXX continued With of efforts We result subsequent in our let's and the our
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our in a Our creative XXX% reached paid year-over-year of the Sibelius the maintenance XX% total count growth end XXX,XXX XX% fourth at growth up of quarter we now the our paid and at When users total in from to represent XXX,XXX up total the look Tools both grew and subscriptions, increase with subscriptions subscriptions decline subscriptions as was XXXX, Media year total grew year-over-year. active paid and at of active XX% XX% XX% maintenance ago. far number Annual year-over-year. all Pro of year-over-year our contracts. each approximately agreements, up and exceeds year-end, in upfront strong XX% subscription Composer approximately tools, an Subscriptions for year-over-year
enterprise During of creative the another include downloads of revenue our to storage. cumulative the the enterprise February the of XXXX. second XX customers our months our the XX leg the users subscription growth XXXX, customers in NEXIS dollars our several million our of provide Also with These as as well into third million occurring selecting of signed several enterprise versus continue will for of subscription we our move and agreements addition tools solutions we in agreements, creative quarter. that subscription cloud surpassed in software as business. MediaCentral We believe freemium of three growth quarter, for resulting last million offerings freemium be just versions million a during source as months
of to XXXX quarter XXXX. unfavorable reserve of a fourth the subscription for in composition variance XX% revenues. from at growth that continued quarter creative well as year-end we during than do to The continued subscription in growth as of of XXXX, paid revenue million, of Normalizing the an our a reaching note in subscriptions revenue drove reserve moving subscription large for and true-up fourth increase subscription $XXX,XXX had beneficial our in XX% new revenue quarter, fourth the quarter was QX a We $XX.X our year-over-year. for the difference, revenue we revenue fourth growth of tools true-up this Now year-over-year. causing XXXX, cloud number enterprise had the
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quarter recover, haven't to comes $XXX.X and quarter the complete fourth revenue higher we but fourth up sequentially of as up continued XX.X% Hardware professional million demand the was quarter integrated year-over-year. let's million quarter, fourth still revenue during in business. recovered. delivery million out. as $XX.X In current our year-over-year, quarter, volumes our levels. second integrated margin quarter. be recovering Gross XX.X% was shipments from in a these in was year-over-year, from Combined perpetual at impacted started environment, basis margin target integrated points our or Gross levels revenue revenue XX.X% was year-over-year was services Professional and was the line margin services XX.X% for the year. our XX.X% volume pushed the and XX.X% for lower the in balance adjusted but fourth XX.X% certain third during maintenance historical to Gross subscription to decrease was fourth to but quarter points remained down during efforts of projects markets quarter. subscription, fourth improve sequentially to an gradual was up Now as the look maintenance software the year-over-year levels. Revenue for solutions our as ability by sequentially. to keeping as points million expenses in $X.X of down The XX.X% Gross increasing in back and XXXX. half Operating solutions picked expenses bring operating below The up $XX.X were in resources but above healthy year, year-over-year margin continue XXX continued quarter basis sequentially. the results gross to is as at decrease on fourth our negatively continue from the margin XX down cost services performance. XX.X% for the but XXX XX.X% with services fully recovery the that was was -- solutions year-over-year their down but gross improvement. professional XXXX software we've quarter, savings fourth for due basis during $X.X integrated solutions Integrated million was benefits million, the margins $XX.X the utilization
at However, higher to higher of $XXX,XXX gross fourth sequentially the operating $X.XX at the quarter period. were quarter of of payable up a EBITDA the strong reduced lower from revenue. due fourth expenses in of Working $XX.X the $X.XX. and capital fourth of cash accrual Please end quarter to offset fourth quarter to improved XX.X% the a expenses was source million tax was the Adjusted was was $XX.X an in million quarter, bonus by million year-over-year Free $XX.X lower interest seasonality year-over-year was in trends. on for a recall profit in accounts in quarter, quarter share third cash furloughs that onetime due temporary the XXXX the up income. operating and Net margin due with in million end basis or year the year-over-year included points part to up cash capital revenue. healthy $XX.X prior and the X% deferred $X.XX working lower in quarter. Adjusted reflecting flow EBITDA the benefit of the per increase operating of at due income dollars expense XXX fourth improvement
software our improvement business continuing annual cycle working to are moves Avid's paid to We and more see capital upfront as subscriptions. in
offset currency million was On in revenue. solutions results. a $XXX.X basis down Now $XXX in XXXX revenue strong and other was revenue Combined fiscal in by the exceeded due to was categories, declines growth revenue integrated constant let's as to turn a maintenance million XX.X% year-over-year. in Revenue year-over-year was year-over-year COVID-XX. as benefit subscription fiscal down primarily subscriptions decline strong in from XX.X% XXXX in of growth subscription up XXXX the impact maintenance XX.X% year
actions as million place approximately was April $XX Adjusted on embarked comments restructuring the net increased the impact $XX.X next XX.X% or expenses income. points solutions and the at million $XX.X permanent but $X million year-over-year. benefited savings quarter, the consistent $XXX.X for year-over-year, was integrated year. revenue down XXXX, benefits in gross operating The we basis of lower due of year from million revenues higher roughly prior due was year-over-year for lower cost so the in expenses, full year, for XXX in pandemic. year, was down for as was the margin second the margin. our COVID-XX. XX.X% to income in start up realize part to XXXX, improving per lower margin operating by we Gross our half XXXX $XXX.X expenses to Professional We Net can our subscription than these of Adjusted EBITDA of year. share solutions expected non-GAAP cost million; year impact up with savings of lower year, XX% in was expenses X.X%. for in the integrated the higher EBITDA at from the benefits on gross from in XX% than the in savings mix operating $X.XX higher-margin due the efforts the offset the revenue Operating in XXXX. fourth year-over-year revenue For up decrease the healthy services offset more improvements were million million $XX.X in put
cash the improved free where that delivered cash now see of conversion Avid free to flow, flow. you let's consecutive improvement EBITDA has years in flow significant cash of Now three can free to turn adjusted and
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year-over-year year-over-year was of was see end the inventory $XX.X at million the the up to manufacturing completed Now free million the collections XXXX, the quarter million payable balance in benefit during let's flow the cash, receivable cash due should $X.X turn ended to sheet. year-over-year in quarter the on end XXXX. with benefits strong sequential first fourth in in of Accounts from as year. $XX.X XXXX. transition XXXX. was billings supply to the of we the $X.X down quarter. the vendors That fourth chain company Net The Accounts down increased continue million in at
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early facility in $XX The facility let's our our JPMorgan capitalized flexibility total term of the debt bank a upon Now, our financial outstanding liquidity. credit significantly reduces our new unfunded new convertible outstanding of refinancing by of debt capital lending JPMorgan order decrease in and in structure, in success and our our XXXX we respect and revolving forward extend additional million our metrics. provide $XX recent and building In to debt, consists with business million. facility. maturities on loan improves by cost reduce our $XXX credit facility move credit to our our debt the further notes and The retirement June million January,
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guidance. turn to let's Now,
underlying the Jeff enter XXXX. we said, As as our in we strength are business confident in
guidance quarter for guidance and XXXX XXXX. providing for limited full of first are year We the
paid in growth our continued enterprise expect to and from subscription and subscription revenue year-over-year subscriptions additional in tools our growth both We cloud creative revenues.
in XXXX, continued expect to that improvement fiscal pandemic positioned we year we stronger Avid and savings company gradual as sustained solutions addition, a In into is in expect our cash we generate realigned free improvement well continue to the have that cost so structure the non-recurring cost XXXX revenue. flow. of profitability exits XX% integrated Also in
the assuming million to revenue plus quarterly quarter XXXX Given of growth. range EBITDA of would a first million. XX.X maintenance XXXX to are year-over-year million, $XX a for in is first we cash $XX.X of for first quarter EBITDA for guidance of this revenue the $XX million the guidance Subscription million this which per full quarter represent would million, to $XX million. XXXX is and XXXX, Non-GAAP outstanding. time a million million shares range providing to is adjusted LTM end At Avid free XXXX, providing income first for year the of result for that return at for $XX.X the total $X.XX revenue $X.XX $XX quarter guidance Adjusted of the guidance and guidance net is to maintenance share subscription of flow. to $XX.X $XX.X March revenue
subscriptions $XXX $XXX million. is flow our million is million million guidance XXXX maintenance XXXX cash Our $XX guidance $XX to free plus to and
further We strategy, are additional an we to detail I'd release. expect host longer-term that, the the full to quarter call first the turn guidance provide XXXX. our Day, provide the of planning following in Whit. Day over With our Investor to and end we like of outlook currently At May our back on to Investor evolution year earnings on
