SeaChange finds its footing in Q1, focuses on VOD software

SeaChange International (NasdaqGM: SEAC) had a strong first quarter for its fiscal year 2011, the company reports. Bouncing back from a weak 4QF09, the Acton, Mass.-based company posted $54.1 million in total revenue for the quarter, up 11 percent from the same period last year.

A focus on its core software business while reducing R&D costs (mostly by offshoring some of its development and support) played a big role in boosting SeaChange's numbers for the quarter, according to chairman and CEO Bill Styslinger.

"Among the notable contributing factors was our ability to secure a highly strategic VOD back office win to place our Axiom software in all locations at one of our largest North American cable customers.  Additionally, our VividLogic acquisition generated contract renewals and extensions with key operators."

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