Sales at Concurrent for its fiscal Q4 fell 2.6 percent...
Sales at Concurrent for its fiscal Q4 fell 2.6 percent from a year earlier to $14.7 million, the company said Wednesday. CEO Dan Mondor called the revenue results disappointing, but said the company remained profitable after greatly reducing costs during…
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the year. “The competitive positions of our products remain solid, however we were significantly impacted by lower spending levels at some of our top customers in fiscal 2012,” he said. The company’s net income was $209,000, up from a $1.2 million loss a year earlier.