VOD Slowdown Hits Concurrent

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Reflecting a continued downturn in MSO spending, Concurrent Computer Corp.’s
video-on-demand division saw fourth-quarter revenue drop 60% to $7 million from
last year’s $17.4 million.

The company’s integrated-solutions division fared slightly better, showing
revenue of $8.6 million in the quarter, off from $10.3 million the prior
year.

But when full fiscal-year results were tabulated for the period ended June
30, Concurrent reported a net loss of $24.6 million, reversing net income of
$4.4 million in the year-earlier period.

Year-over-year revenue at the vendor dropped from $89.4 million to $75.5
million.

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