Video-on-demand technology vendor SeaChange International generated $35.6 million in revenue in its fiscal fourth quarter of 2014, down significantly compared to the $44.6 million in revenue that it posted this time last year.
The good news: SeaChange announced in late February that it expected to miss Q4 revenue projections by more than $5 million. But the Acton, Mass.-based company topped its revised revenue projections of $34.5 million to $35.5 million by $100,000. SeaChange customers include Charter Communications (NASDAQ: CHTR), Verizon (NYSE: VZ), Mediacom and Liberty Global. It blamed the revenue shortfall in February on "delays in receiving anticipated orders from customers in the Americas along with continued delays in receiving some final acceptances."
Source: http://cablequest.org/news/international-news/item/4552-seachange-revenue-sinks-to-$35-6m.html
Source: http://cablequest.org/news/international-news/item/4552-seachange-revenue-sinks-to-$35-6m.html
Source: http://cablequest.org/news/international-news/item/4552-seachange-revenue-sinks-to-$35-6m.html
Source: http://cablequest.org/news/international-news/item/4552-seachange-revenue-sinks-to-$35-6m.html
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