Envivio makes ‘significant progress towards profitability’
Encoding specialist Envivio reported a “significant progress towards profitability” in its most recent quarter after cutting its net loss to US$0.6 million. The company said that revenue of US$11.7 million, which was up slightly year-on-year, was driven by “several large tier-one customer wins.” “We continue to balance our progress toward profitability with investing in our […]