SeaChange Posts Revenue Growth - Multichannel

SeaChange Posts Revenue Growth

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SeaChange International Inc. posted slight increases in overall revenue and
video-on-demand-system revenue year-over-year in its first quarter ending April
30.

The company generated $34.2 million in first-quarter revenue compared with
$33.7 million in the year-earlier period.

VOD revenue reached $17.8 million, an 11% jump over last year's $16.1
million. Net income reached $562,000 in the quarter versus a $21.8 million net
loss in the year-ago period.

SeaChange said it shipped a record 99,000 residential VOD streams during the
quarter, including VOD systems in 12 new markets. The vendor added that its VOD
systems reach 11 million basic subscribers.

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