Concurrent Computer Corp. (CCUR) Reports Good Quarter To End Fiscal Year
Concurrent Computer Corp. reported fiscal fourth quarter net income of $245,000, or $0.03 per share. This was significantly better than the loss of $1.01 million, or ($0.12) per share, in the same quarter of 2008. Concurrent Computer Corporation’s achievement is even more surprising given that revenues were reported as $15.9 million, a decline of $1.7 million year over year. The company did this by cutting its cost of sales and operating expenses by $3.3 million. Dan Mondor, the CEO of Concurrent said, "In fiscal year 2009, we lowered our revenue breakeven point, established more efficient operations and improved cash management.…