Envivio revenue level compared to prior year quarter

Envivio (NASDAQ: ENVI) said its revenue for the third quarter of fiscal 2014 was USD11.7m, compared to USD11.5m in the second quarter of fiscal 2014 and USD7.2m in the third quarter of fiscal 2013.

GAAP net loss for the quarter was USD2.9m, or USD0.11 per share, compared to GAAP net loss of USD2.5m, or USD0.09 per share, in the second quarter of fiscal 2014 and GAAP net loss of USD5.6m, or USD0.21 per share, in the third quarter of fiscal 2013.

Non-GAAP net loss for the quarter was USD2.3m, or USD0.08 per share, compared to non-GAAP net loss of USD1.9m, or USD0.07 per share, in the second quarter of fiscal 2014 and non-GAAP net loss of USD4.9m, or USD0.18 per share, in the third quarter of fiscal 2013.

“Our solid revenue growth of 62% year-over-year in the third quarter was driven primarily by orders we received from our existing tier 1 customers,” said Julien Signes, president and CEO. “Momentum in revenue growth continued from last quarter as a result of ongoing improvement in our sales team performance, growing market acceptance of software-based solutions for multiscreen video processing, and stronger market demand. We are encouraged by these trends and remain focused on improving our sales execution, managing costs, and increasing our engagements with service provider customers around the world.”

Envivio is a leader in solutions for multi-screen video processing and delivery. Envivio is headquartered in South San Francisco, California and has offices worldwide including France, England, China, Singapore and Japan. Visit www.envivio.com for more information.

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