VOD Revenue Boosts Concurrent in Fiscal 2Q

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Concurrent Computer announced its financial results for its fiscal second quarter.

The company said revenue rose to $17.1 million from $14.8 million in the first quarter of fiscal-year 2007, a 15.9% gain. Video-on-demand revenue rose from $8 million in the previous quarter to $10.9 million, up 36.6%. The vendor’s real-time product line saw revenue slump, however, to $6.2 million, down 8.6% from $6.8 million in the prior quarter.

Concurrent’s net loss was $3.5 million, or $0.05 per fully diluted share, versus $4.9 million ($0.07) in the first quarter of fiscal-year 2007.

“We have continued to drive down operating expenses -- which were $10.7 million in the quarter, a decrease of $1 million from the first quarter -- while delivering what I believe to be the best, most robust and fault-tolerant video server available in the market, Concurrent CEO Gary Trimm said in a prepared statement.

“We believe we are on track with our products and our internal structure and continue to believe we are executing on our business plan to achieve profitability,” he added.

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