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Content delivery shifts for SeaChange

December 10, 2010 09.23 Europe/London By Julian Clover

Media Services revenues stood out for Seachange International in a quarter when overall income and profit dipped. The shift towards content delivery saw the segment grow by 56% in the third quarter of the 2011 financial year to $8.1 million (€6.11 million). The increase was helped along by new business from SFR Neuf in France, Dubai’s du and increased processing fees from OTE in Greece.

Despite the growth in Media Services, total GAAP revenues slipped by $4.2 million to $49.1 million. The villain was largely the declining Servers and Storage market, where revenues were halved at $6.2 million.

SeaChange CEO & Chairman Bill Styslinger said the company continued to build its software portfolio and had reduced costs in its hardware business.

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Filed Under: Finance, Newsline Edited: 10 December 2010 10:36

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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