SeaChange International has declared fourth quarter revenues of $44.6 million after increased product licensing revenues and aggressive cost reduction actions.
“We’re very pleased with our results in the quarter, led by a strong double-digit sequential increase in revenue. These achievements underscore the noteworthy progress SeaChange has made across products, sales and operations since announcing our transformation strategy last year,” said Raghu Rau, chief executive officer, SeaChange. “We continue to be encouraged by the demand for our next generation of software products from existing and new customers. As in previous years, we expect revenues in the second half of the year to be significantly higher than the first half.”
For the fiscal year ended January 31, 2013, the Company posted revenues of $157.2 million and non-GAAP operating income of $15.9 million.
