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General

SeaChange aims for return to profitability by Q1 2020, amid lower Q3 2019

Tuesday 11 December 2018 | 10:28 CET | News

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Multi-screen video services company SeaChange reported lower results for the third quarter but CEO ED Terino noted revenues showed a substantial improvement over the previous two quarter of fiscal 2019. The CEO said the company closed several seven figure deals in Q3, as well as contracts with several new companies. With good pipeline opportunities, SeaChange sees sequentially higher bookings for the fourth quarter. CFO Peter Faubert added that the company completed most of its cost reduction programme in Q3, with the whole designed to save about USD 6 million per year. The goal is now to

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Categories: General
Companies: SeaChange
Countries: World
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