Seachange International Announces Third Quarter Results
MAYNARD, Mass., Nov. 19 /PRNewswire/ -- SEACHANGE INTL today announced financial results for its third quarter ended September 30, 1996. Revenues for the quarter were $12.9 million, 130% greater than revenues of $5.6 million in the third quarter of 1995. Net income for the quarter was $1.4 million or $.12 per share, up 570% from net income of $213,000, or $.02 per share, in the third quarter of 1995.
For the nine months ended September 30, 1996, revenues were $37.3 million, an increase of 117% over revenues of $17.2 million for the nine months ended September 30, 1995. Net income for the nine months ended September 30, 1996 was $3.5 million or $.31 per share, up 164% from net income of $1.3 million or $.11 per share, in the same period in 1995. |
