News

VOD Boosts Concurrent

10/28/2002 8:59 AM Eastern

Strong video-on-demand sales pushed Concurrent Computer Corp. into the black
in its first quarter ending Sept. 30, but the company said it expects reduced
VOD spending in the rest of the calendar year.

Quarterly revenue reached $22.1 million in the quarter, while net income
reached $620,000, compared with $14.1 million in revenue and a $3 million loss
in the year-earlier period.

Xtreme division revenue reached $13.4 million in the quarter, a 281 percent
jump over the previous year. But MSO VOD slowdowns caused Concurrent to project
only $7 million to $8 million in Xtreme division revenue in its second
quarter.

Concurrent expects VOD spending to resume in the first six months of 2003,
which will be the second half of the company's fiscal year.

Concurrent said it has deployed 692 servers in 48 markets with 3.4 million
digital subscribers.

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