Plenty of bullish SEAC management commentary on the last CC. Here's another one from the Q&A. They've already done such an impressive job boosting Q3 gross margins to 76% from 61% the prior year. Just think how great the numbers will look if they get them over 80%...to go along with increasing revenues.
From the Q3 CC transcript:
Steven Frankel
Okay. And then in terms of the gross margin improvement on the product side, is that a sustainable level or there was something unusual this quarter and you didn't have any pass-through hardware and in future quarters you might have some of that?
Yosef Aloni
It differs. This is the gross margin – yes, the short answer is, yes. This is sustainable. We are targeting much better margin. And keep in mind, once we remove the component of professional services, which was somewhat less profitable, it will enable us to do much more and also improve the gross margin. And if you are thinking about future SeaChange, you need to think about software company and most software companies are today in the mid-80s, when it comes to gross margin.
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