Concurrent Computer Corporation Announces Second Quarter Fiscal 2002 Financial Results

1/24/2002 - Concurrent Computer Corporation® (NASDAQ: CCUR) continues to build on its market leadership in commercial Video-On-Demand (VOD) deployments in North America. For the Company’s second fiscal quarter ended December 31, 2001, aggregate revenues were $22.5 million, and net earnings were $56 thousand or $0.00 per share compared to aggregate revenue of $14.5 million and a net loss of $4.2 million or $0.08 per share in the same quarter of the prior year. The Company’s balance sheet remains strong, exiting the quarter with a cash balance of $28.2 million and no long-term debt.

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