SeaChange International’s quarterly sales for the three months ended April...
SeaChange International’s quarterly sales for the three months ended April 30 fell 8.8 percent from a year earlier, the company said. Its net loss widened to $19.6 million from $384,000 a year earlier on lower sales, and a $19 million…
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loss on discontinued operations. “We took significant steps to transform SeaChange to become a pure-play software company through the sale of our broadcast servers and storage business and our media services business units,” CEO Raghu Rau said. “We continue to invest significant resources in developing and launching our next generation software products toward the latter half of this fiscal year.” Its shares fell 5 percent Thursday.