SeaChange International posted a fiscal Q3 profit of $5.5 million (19 cents per diluted share) on revenues of $42.6 million, up 12 percent from the year-ago period.
SeaChange also pulled down VOD revenues of $23.8 million, up 6 percent from $22.5 million a year ago.
The company noted that it continues to diversify its business with telcos and international cable MSOs.
During a conference call with press and analysts, SeaChange said it has begun shipping VOD servers and systems with two major U.S. telcos. SeaChange did not reveal names, but there’s been strong speculation that one of those wins is with Verizon, which is in the process of an ambitious fiber-to-the-premises deployment.
During the quarter, international revenues jumped 23 percent thanks to VOD and/or broadcast product deals with companies such as ntl (U.K.), Golden Channels, Matav and Tevel (Israel), and Guandong CATV (China).
To date, the company has installed more than 1.3 million streams, including 139,000 in the third quarter.
Looking ahead, SeaChange expects to post Q4 revenues of $41 million and net income of 10 cents per share.