ex99_1.htm

FOR IMMEDIATE RELEASE

Concurrent Computer Corporation Announces

Second Quarter and First Half Fiscal Year 2009 Financial Results

Year-to-Date Operating Income Improvement of Over $4.0 million

ATLANTA, Georgia, January 27, 2009 – Concurrent (Nasdaq: CCUR), today announced its results for the second quarter of the fiscal year that ends June 30, 2009.

Companywide second quarter revenue was $18.1 million with gross margins of 59%. Operating expenses were $9.7 million. The Company generated operating income of approximately $0.9 million and net income of over $0.5 million leading to net income per share of $0.06 on a fully diluted basis. The cash balance at the end of the second quarter was over $27.6 million.

On a first half basis, revenue increased approximately 8% in fiscal 2009 to $36.5 million. Consolidated gross margins were 57% compared to 53% in the first half of fiscal 2008. In addition, the Company reduced operating expenses by 6% in the first half of fiscal 2009 to $19.5 million and generated operating income of $1.4 million compared to an operating loss of $2.6 million in the first half of fiscal 2008.

“Despite a challenging economic environment, we had a good second quarter and a strong first half. We increased both revenue and gross margins while reducing operating expenses which resulted in an improvement in operating income by over $4.0 million compared to this time last year. The continued strength in our On-Demand business and our diligence with operating expenses resulted in the highest operating income for two consecutive quarters in over 6 years,” said Dan Mondor, Concurrent president and chief executive officer.

Concurrent Computer Corporation will hold a conference call to discuss these results on Tuesday, January 27, 2009 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. All forward-looking statements are subject to certain risks and uncertainties that could cause actual events to differ materially from those projected.

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, 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.

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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 December 31,					Six Months Ended December 31,
	2008		2007			2008			2007

Revenues:
Product	$	11,066	$	9,964		$	23,115		$	19,732
Service		7,054		7,614			13,340			14,101
Total revenues		18,120		17,578			36,455			33,833

Cost of sales:
Product		5,106		5,309			10,741			10,362
Service		2,394		2,810			4,812			5,457
Total cost of sales		7,500		8,119			15,553			15,819

Gross margin		10,620		9,459			20,902			18,014

Operating expenses:
Sales and marketing		4,238		3,721			7,806			7,514
Research and development		3,307		4,019			7,146			8,231
General and administrative		2,180		2,566			4,503			4,913
Total operating expenses		9,725		10,306			19,455			20,658

Operating income (loss)		895		(847	)		1,447			(2,644	)

Other income (expense) - net		103		199			(106	)		3,794
Income (loss) before income taxes		998		(648	)		1,341			1,150

Provision for income taxes		468		121			718			175

Net income (loss)	$	530	$	(769	)	$	623		$	975

Basic net income (loss) per share	$	0.06	$	(0.09	)	$	0.08		$	0.12

Diluted net income (loss) per share	$	0.06	$	(0.09	)	$	0.07		$	0.12

Basic weighted average shares outstanding		8,274		8,303			8,283			8,298

Diluted weighted average shares outstanding		8,302		8,303			8,316			8,311

Concurrent Computer Corporation

Condensed Consolidated Statements of Operations (Unaudited)

(In Thousands Except Per Share Data)

	Three Months Ended
	December 31, 2008		September 30, 2008

Revenues:
Product	$	11,066	$	12,049
Service		7,054		6,286
Total revenues		18,120		18,335

Cost of sales:
Product		5,106		5,635
Service		2,394		2,418
Total cost of sales		7,500		8,053

Gross margin		10,620		10,282

Operating expenses:
Sales and marketing		4,238		3,568
Research and development		3,307		3,839
General and administrative		2,180		2,323
Total operating expenses		9,725		9,730

Operating income		895		552

Other income (expense) - net		103		(209	)
Income before income taxes		998		343

Provision for income taxes		468		250

Net income	$	530	$	93

Basic net income per share	$	0.06	$	0.01

Diluted net income per share	$	0.06	$	0.01

Basic weighted average shares outstanding		8,274		8,292

Diluted weighted average shares outstanding		8,302		8,308

Concurrent Computer Corporation

Condensed Consolidated Balance Sheets

(In Thousands)

	December 31, 2008			September 30, 2008			June 30, 2008
	(unaudited)			(unaudited)

ASSETS
Cash and cash equivalents	$	27,668		$	23,856		$	27,359
Trade accounts receivable, net		12,063			17,511			14,422
Inventories		3,222			3,372			5,094
Prepaid expenses and other current assets		1,662			1,773			1,360
Total current assets		44,615			46,512			48,235

Property, plant and equipment, net		3,952			3,973			3,867
Intangible assets, net		6,068			6,339			6,611
Goodwill		15,990			15,990			15,990
Other long-term assets		824			737			836
Total assets	$	71,449		$	73,551		$	75,539

LIABILITIES
Accounts payable and accrued expenses	$	9,890		$	10,332		$	13,984
Revolving bank line of credit		-			949			-
Deferred revenue		7,689			10,419			8,570
Total current liabilities		17,579			21,700			22,554

Long-term deferred revenue		1,034			1,005			962
Revolving bank line of credit - non-current		949			-			949
Other long-term liabilities		3,574			3,413			3,646
Total liabilities		23,136			26,118			28,111

STOCKHOLDERS' EQUITY
Common stock		83			83			83
Additional paid-in capital		204,821			204,656			204,574
Accumulated deficit		(157,159	)		(157,689	)		(157,782	)
Treasury stock, at cost		(255	)		(252	)		-
Accumulated other comprehensive income (loss)		823			635			553
Total stockholders' equity		48,313			47,433			47,428
Total liabilities and stockholders' equity	$	71,449		$	73,551		$	75,539