SeaChange International has reported its fiscal first-quarter profit surged on higher sales of software for video-on-demand television services. SeaChange also forecast second-quarter profit and revenue in line with Wall Street expectations.

The company reported net income of $24.6 million for the three months ended April 30th, compared with a profit of only $1 million in the same quarter a year ago.

Excluding one-time items, SeaChange posted net income of $3.1 million in the latest quarter. Revenue rose 11 per cent to $54.1 million from $48.9 million.

Other posts by :

1. SES predicts end of ‘big’ Geo satellites
2. Amazon Leo gets approval for 4,504 extra satellites
3. SpaceX gets a portion of India
4. TerreStar wants to build LEO network
5. Musk: “No Starlink phone”
6. Russia accused of eavesdropping on satellites
7. FCC welcomes Musk’s 1m satellite plan
8. Telesat has problems with an LEO
9. Orbital debris a real danger 

Categories: Articles, Business, M&A