SeaChange International 2014 Q3 revenue down slightly from previous year's quarter

SeaChange International, Inc. (NASDAQ: SEAC) has reported third quarter fiscal 2014 revenue of USD37.8m and non-GAAP operating income of USD2.9m, or USD0.09 per fully diluted share, from continuing operations.

In comparison, third quarter fiscal 2013 revenue was USD39.2m and non-GAAP operating income was USD2.9m, or USD0.09 per fully diluted share, from continuing operations.

The company posted US GAAP operating income of USD0.5m, or USD0.02 per diluted share, for the third quarter of fiscal 2014, compared to a US GAAP operating loss for the third quarter of fiscal 2013 of USD1.6m, or USD0.05 per fully diluted share. The company´s US GAAP third quarter fiscal 2014 results include charges of USD2.4m that are excluded from non-GAAP results, which consisted primarily of stock-based compensation and amortization of intangible assets from prior acquisitions.

Ranked among the top 250 software companies in the world, SeaChange International enables transformative multi-screen video services through an open, cloud-based, intelligent software platform trusted by cable, IPTV and mobile operators globally. The company´s website is at www.schange.com.

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