SeaChange International, Inc. (NASDAQ:SEAC) has released the financial results for the third quarter of fiscal 2010 ended October 31, 2009. The company reported total revenues of $53 million for the quarter and a targeted revenue of $225-$235 million for fiscal 2011. It’s software margin was also reported to have driven non-GAAP earnings to $0.11 per share.
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The company held a conference call to discuss the financial results. A webcast of the conference call has been archived on the company’s investor relations site at www.schange.com/IR. The full financial report is also available for review on the site.
SeaChange International, Inc. (SeaChange) is a developer, manufacturer and marketer of digital video systems and services. These products and services facilitate the aggregation, licensing, storage, management and distribution of video, television programming and advertising content. The Company sells its products and services to cable system operators, including Cablevision, Comcast, Cox Communications, Virgin Media and Rogers; telecommunications companies, including Telekom Austria, Turk Telekom and Verizon Communications, and broadcast television companies, including ABC Disney, Ascent Media, Clear Channel, China Central Television and MTV Networks. The Company operates in three segments: Software, Servers and Storage, and Media Services. On November 19, 2008, through its subsidiary On Demand Group (ODG), the Company acquired Mobix Interactive Limited in the United Kingdom. In September 2009, SeaChange announced the acquisition of all of the issued share capital of eventIS Group B.V
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