Interactive TV technology provider SeaChange International has posted revenues of US$39.2 million (€30 million) for the third quarter, down from US$42.9 million last year but at the high end of its guidance for the current year. Operating income was US$2.9 million, down from US$5.5 million.
The results included non-recurring charges which consisted primarily of severance and restructuring charges while the third quarter fiscal 2012 results had non-recurring charges related to professional fees associated with strategic alternatives and earn-out costs from acquisitions.
“I’m very pleased with our third quarter results, which came in at the high end of our revenue guidance and significantly exceeded our non-GAAP operating income guidance,” said Raghu Rau, CEO. “The outperformance was driven by increased revenue from new products and continued execution on our cost reduction efforts.”
28 September 2020 @ 10:01:41 UTC
DTVE: the week in view – Six more months of COVID-19 restrictions – where does sports broadcasting go from here?… twitter.com/i/web/status/1…
27 September 2020 @ 19:00:01 UTC
ICYMI: MásMóvil denies contact with Vodafone over possible Spanish merger digitaltveurope.com/2020/09/25/mas… https://t.co/8KvttpnrMC
27 September 2020 @ 17:00:01 UTC