SeaChange Rides VOD Wave - Multichannel

SeaChange Rides VOD Wave

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Revenue at SeaChange International Inc. rose 11% in the company's third quarter ending Oct. 31, from $33.9 million last year to $37.6 million, boosted by a 47% increase in video-on-demand revenue from $15.3 million to $22.3 million.

The VOD boost was enough to send the company into the black, with net income of $1.5 million in the quarter versus a loss of $541,000 in the year-earlier period.

SeaChange said it shipped 123,000 VOD streams in the quarter, a new company record, and it picked up new deployments from Comcast Corp., Cox Communications Inc. and Mediacom Communications Corp.

SeaChange VOD systems serve 22.9 million basic-cable subscribers, 11.3 million of which are part of Comcast systems.

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