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 happy with releasing 160MHz of spectrum for 5G
2. Inmarsat “likely to win appeal” over Ligado/AST action
3. FCC seeks fair play over foreign satellite access
4. Bank raises RocketLab target price
5. Paramount throws kitchen sink
6. Ukraine wants its own LEO system
7. SpaceX outlines Starlink cellular delivery plan
8. NAB vs CTIA on C-band release
9. Laser terminals to operate at 100x faster

Categories: Articles, Business, M&A