SeaChange CEO Jay Samit says he’s greatly encouraged by the software company’s second quarter performance.
Revenues of $27.9 million were at the higher end of expectations, though slightly down on the $29.8 million recorded in the second half of fiscal 2015.
“I’m greatly encouraged by our performance sequentially in the second quarter marked by our increased new software product revenues and improved margins,” said Jay Samit, Chief Executive Officer, SeaChange. “Notably, in the second quarter our Nucleus video gateway software was launched to subscribers in a third European country, marking three consecutive quarters of new market launches. In addition, we were awarded new contracts by one of our largest Nucleus customers, further expanding our gateway footprint to new markets.”
SeaChange has also seen its AssetFlow content management system sold to a US satellite operator while its SaaS platform continues to attract attention.