Concurrent Computer Corporation Reports Third Quarter Fiscal 2002 Financial Results

4/25/2002 - Concurrent Computer Corporation (Nasdaq:CCUR), the pioneer and market leader in North American Video-On-Demand (VOD) commercial deployments, today reported results for their third fiscal quarter ended March 31, 2002. Total revenues for the third quarter were $25.0 million, and net earnings were $2.3 million or $0.04 per share compared to revenue of $22.1 million and net earnings of $571 thousand or $0.01 per share in the same quarter of the prior year. The Company's balance sheet remains strong, exiting the quarter with cash of $22.4 million, and debt free. Cash generated from operations aggregated almost $1.9 million during the third quarter ended March 31, 2002.

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