SeaChange has reported a year-on year revenue increase of 17%. The VOD technology and services provider said the revenues of $45 million (€28.94m) in the first quarter of its 2009 fiscal year had highlighted the strength of software following a realignment of its operating segments. These include the UK-based On Demand Group (ODG), which provides content into a number of leading VOD systems. Geographically revenue for the first quarter of fiscal 2009 included 70% in North America, 21% in Europe, Middle East and Africa, 7% in Asia Pacific, and 2% in Latin America.
The revenue increase is primarily the result of increased VOD server shipments to Noth America, but higher broadcast server revenues from Europe and Asia also played a part.
However, Media Services revenue for the first quarter fell by $0.4 million to $4 million due to lower ODG professional services revenue from customers in Latin America.
