Concurrent Computer Corporation Announces Third Quarter 2001 Results; Profitable Quarter and VOD Revenue of Over $10.3 million.
Business Wire › April 26, 2001
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Concurrent Computer Corporation Announces Third Quarter 2001 Results; Profitable Quarter and VOD Revenue of Over $10.3 million.
Business Editors/High Tech Writers
ATLANTA--(BUSINESS WIRE)--April 26, 2001 Concurrent Computer Corporation (Nasdaq:CCUR) today reported growth in Video-On-Demand (VOD) revenue from its XSTREME Division of over 179% in the third quarter of its fiscal quarter ended March 31, 2001 over the same quarter of the prior year. Revenue from the Company's VOD sales grew to over $10.3 million in the third quarter from $3.7 million in the same quarter of the prior year. This represents over a 90% increase from the Company's previous record VOD quarterly revenue of $5.4 million reported in the fiscal first quarter of this year. The increase is primarily attributable to the initial sale of VOD systems to Comcast for its planned commercial launches of VOD service in eight markets over the next several months using Concurrent'...See the full content of this document
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