Concurrent hits VOD milestone

By Susan Rush
From The August 27, 2002 Edition Of CED Broadband Direct

Concurrent Computer Corp. generated more than $17 million in revenue from video-on-demand deployments in the fourth quarter, tipping its VOD-enabled digital subscriber base to more than 3 million.

The company's MediaHawk Broadband VOD system has been deployed in 39 North American markets by Time Warner Cable, Cox Communications Inc., Comcast Corp., Charter Communications Inc., Mediacom Communications Corp., Blue Ridge and Cogeco.

Last week, Concurrent's fourth quarter results beat analysts' consensus estimates by four cents a share. The company earned $5 million, or 8 cents a share, during the fourth quarter, up from a year-ago loss of $800,000, or a penny per share. Analysts' on average were expecting earnings of 4 cents a share, according to Thomson Financial/First Call.