8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

____________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

October 24, 2008

Concurrent Computer Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware	0-13150	04-2735766
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer  Identification Number)

4375 River Green Parkway, Suite 100, Duluth, Georgia	30096
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code:  (678) 258-4000

Not applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

£ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

£ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

£ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 2.02. Results of Operations and Financial Condition.

On October 24, 2008, Concurrent Computer Corporation (the “company”) issued a press release containing information about its financial condition and results of operations for its first fiscal 2009 quarter and three months ended September 30, 2008.  Included in the press release are (1) the condensed consolidated balance sheets of the company as of September 30, 2008 (unaudited) and June 30, 2008, (2) the company’s unaudited condensed consolidated statements of operations for each of the three months ended September 30, 2008, June 30, 2008, and September 30, 2007.  A copy of this press release is being furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

ITEM 9.01. Financial Statements and Exhibits.

(c) Exhibits

The following exhibit is filed herewith:

Exhibit No. Description

99.1 Press release of Concurrent Computer Corporation, issued on October 24, 2008.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:  October 24, 2008.

CONCURRENT COMPUTER CORPORATION

(Registrant)

By:	/s/ Emory O. Berry
	Emory O. Berry
	Chief Financial Officer and Executive Vice President of Operations

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EXHIBIT INDEX

Exhibit Number and Description

99.1 Press Release of Concurrent Computer Corporation, issued on October 24, 2008.

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EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

Concurrent Computer Corporation Announces

First Quarter of Fiscal Year 2009 Financial Results

Sequential Revenue Growth and Operating Income Improvement

ATLANTA, Georgia, October 24, 2008 – Concurrent (Nasdaq: CCUR), today announced its results for the first quarter of the fiscal year that ends June 30, 2009.

In the first quarter of fiscal 2009, Company-wide revenue totaled $18.3 million compared to $17.6 million in the fourth quarter of fiscal 2008, an increase of 4%, and compared to $16.3 million in the first quarter of fiscal 2008, an increase of 13%.  Consolidated gross margins for the first quarter of fiscal 2009 were 56% compared to 54% in the fourth quarter of fiscal 2008 and 53% in the first quarter of fiscal 2008.

The Company generated operating income of $552,000 for the first quarter of fiscal 2009 compared to an operating loss of $1.3 million in the fourth quarter of fiscal 2008 and an operating loss of $1.8 million in the first quarter of fiscal 2008.  The Company generated net income of $93,000 for the first quarter of fiscal 2009 compared to a net loss of $1.0 million for the fourth quarter of fiscal 2008 and net income of $1.7 million for the first quarter of fiscal 2008.  The net income for the first quarter of fiscal 2008 included net recoveries for the Vicor and C-COR settlements totaling $3.3 million.  On a fully diluted share basis, the Company posted net income per share of $0.01 for the first quarter of fiscal 2009 compared to a net loss per share of $0.12 in the fourth quarter of fiscal 2008 and net income per share of $0.21 in the first quarter of fiscal 2008.

“The combination of revenue growth, gross margin improvements and lower operational expenses resulted in improved operating profit,” said Dan Mondor, Concurrent president and chief executive officer.  He added, “We had a good first quarter given the challenges of the current business environment.”

Concurrent Computer Corporation Announces Fourth Quarter and Fiscal Year 2008 Financial Results

24 October 2008

Page 2 of 4

Concurrent Computer Corporation will hold a conference call to discuss these results on Friday, October 24, 2008 at 10:00 a.m. E.D.T., which will be broadcast live over the Internet on the Company’s web page at www.ccur.com, Investor Relations page.

About Concurrent

Concurrent (Nasdaq: CCUR) is a leading provider of real-time Linux-based computing technologies for commercial and government markets.  Industries served include cable and telecommunications providers, defense and aerospace contractors, automotive manufacturers and financial institutions.  For over 40 years Concurrent's best-of-breed products have enabled a range of time-critical solutions including: modeling and simulation, high speed data acquisition, visual imaging, low latency transaction processing and on-demand television.  Concurrent's on-demand products are utilized by major service providers in the cable and IPTV industries to deliver, monitor and measure video-on-demand (VOD) and other interactive television applications, and support over 32 million digital subscribers worldwide. Concurrent is a global company with regional offices in North America, Europe and Asia, and has products actively deployed worldwide.  Concurrent's products and services are recognized for being uniquely flexible, comprehensive, robust and reliable.  For more information, please visit www.ccur.com

For more information, contact:

Concurrent Media Relations

Rebecca Biggs

Cohn and Wolfe

404.242.8763

rebecca.biggs@cohnwolfe.com

Concurrent Investor Relations

Kirk Somers

678.258.4000

investor.relations@ccur.com

Certain statements made or incorporated by reference in this release may constitute “forward-looking statements” within the meaning of the federal securities laws.  Statements regarding future events and developments and our future performance, as well as our expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws.  Examples of forward looking statements in this press release include, without limitation, our expectation with regard to delivering profitable revenue growth.  All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

Concurrent Computer Corporation Announces Fourth Quarter and Fiscal Year 2008 Financial Results

24 October 2008

Page 3 of 4

The risks and uncertainties which could affect our financial condition or results of operations include, without limitation: our ability to keep our customers satisfied;  delays or cancellations of customer orders; changes in product demand; economic conditions; our ability to satisfy the financial covenants in the credit agreement; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to our ability and the ability of other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; the concentration of our customers; failure to effectively manage change; delays in testing and introductions of new products; rapid technology changes; system errors or failures; reliance on a limited number of suppliers; uncertainties associated with international business activities, including foreign regulations, trade controls, taxes, and currency fluctuations; the impact of competition on the pricing of on-demand products; failure to effectively service the installed base; the entry of new well-capitalized competitors into our markets; the success of new on-demand and real-time products; the availability of Linux software in light of issues raised by SCO Group; capital spending patterns by a limited customer base and in light of the current negative macro-economic environment; privacy issues regarding data collection; and the success of our relationship with Alcatel-Lucent.

Other important risk factors are discussed in our Form 10-K filed with the Securities and Exchange Commission (the SEC) on August 27, 2008, and may be discussed in subsequent filings with the SEC. The risk factors discussed in such Form 10-K under the heading “Risk Factors” are specifically incorporated by reference in this press release.  Our forward-looking statements are based on current expectations and speak only as of the date of such statements. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of future events, new information, or otherwise.

Concurrent Computer Corporation Announces Fourth Quarter and Fiscal Year 2008 Financial Results

24 October 2008

Page 4 of 4

Concurrent Computer Corporation, its logo and Everstream and its logo are registered trademarks of Concurrent Computer Corporation. All other Concurrent product names are trademarks of Concurrent while all other product names are trademarks or registered trademarks of their respective owners.  Linux® is used pursuant to a sublicense from the Linux Mark Institute.

# # #

Note to Editors: For additional company or product information from Concurrent, please contact Concurrent, 4375 River Green Parkway, Suite 100, Duluth, GA  30096. Call toll free in the U.S. and Canada at (877) 978-7363, fax (678) 258-4199.  Readers can also access information through the company's Web site at www.ccur.com.

Concurrent Computer Corporation

Condensed Consolidated Statements of Operations (Unaudited)

(In Thousands Except Per Share Data)

	Three Months Ended
	September 30,			June 30,
	2008			2008
Revenues:
Product	$	12,049		$	11,146
Service		6,286			6,463
Total revenues		18,335			17,609
Cost of sales:
Product		5,635			5,561
Service		2,418			2,562
Total cost of sales		8,053			8,123
Gross margin		10,282			9,486
Operating expenses:
Sales and marketing		3,568			4,256
Research and development		3,839			4,179
General and administrative		2,323			2,350
Total operating expenses		9,730			10,785
Operating income (loss)		552			(1,299	)
Other income (expense) - net		(209	)		140
Income (loss) before income taxes		343			(1,159	)
Provision (benefit) for income taxes		250			(148	)
Net income (loss)	$	93		$	(1,011	)
Basic net income (loss) per share	$	0.01		$	(0.12	)
Diluted net income (loss) per share	$	0.01		$	(0.12	)
Basic weighted average shares outstanding		8,292			8,306
Diluted weighted average shares outstanding		8,308			8,306

Concurrent Computer Corporation

Condensed Consolidated Statements of Operations (Unaudited)

(In Thousands Except Per Share Data)

	Three Months Ended September 30,
	2008			2007
Revenues:
Product	$	12,049		$	9,768
Service		6,286			6,487
Total revenues		18,335			16,255
Cost of sales:
Product		5,635			5,053
Service		2,418			2,647
Total cost of sales		8,053			7,700
Gross margin		10,282			8,555
Operating expenses:
Sales and marketing		3,568			3,793
Research and development		3,839			4,212
General and administrative		2,323			2,347
Total operating expenses		9,730			10,352
Operating income (loss)		552			(1,797	)
Other income (expense) - net		(209	)		3,595
Income before income taxes		343			1,798
Provision for income taxes		250			54
Net income	$	93		$	1,744
Basic net income per share	$	0.01		$	0.21
Diluted net income per share	$	0.01		$	0.21
Basic weighted average shares outstanding		8,292			8,293
Diluted weighted average shares outstanding		8,308			8,311

Concurrent Computer Corporation

Condensed Consolidated Balance Sheets

(In Thousands)

	September 30,			June 30,
	2008			2008
	(unaudited)
ASSETS
Cash and cash equivalents	$	23,856		$	27,359
Trade accounts receivable, net		17,511			14,422
Inventories		3,372			5,094
Prepaid expenses and other current assets		1,773			1,360
Total current assets		46,512			48,235
Property, plant and equipment, net		3,973			3,867
Intangible assets, net		6,339			6,611
Goodwill		15,990			15,990
Other long-term assets		737			836
Total assets	$	73,551		$	75,539
LIABILITIES
Accounts payable and accrued expenses	$	10,332		$	13,984
Revolving bank line of credit		949			-
Deferred revenue		10,419			8,570
Total current liabilities		21,700			22,554
Long-term deferred revenue		1,005			962
Revolving bank line of credit - non-current		-			949
Other long-term liabilities		3,413			3,646
Total liabilities		26,118			28,111
STOCKHOLDERS' EQUITY
Common stock		83			83
Additional paid-in capital		204,656			204,574
Accumulated deficit		(157,689	)		(157,782	)
Treasury stock, at cost		(252	)		-
Accumulated other comprehensive income		635			553
Total stockholders' equity		47,433			47,428
Total liabilities and stockholders' equity	$	73,551		$	75,539