Concurrent Computer Corporation Announces Second Quarter Results.

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Feb. 8, 1999--Concurrent Computer Corporation (Nasdaq:CCUR) today reported earnings for the quarter ended December 31, 1998 of $0.9 million, or $0.02 per share, compared with a loss of ($0.4) million, or ($0.01) per share, for the quarter ended September 30, 1998. Revenue for the quarter was $19.2 million, up 14% from first quarter revenue of $16.9 million.

"The real-time division showed good improvement over last quarter. These results put the division on plan for the year," said E. Courtney Siegel, Concurrent's Chairman, President and Chief Executive Officer. "All geographic areas contributed, with North America, Europe and Asia reporting strong improvements. Equipment revenue was up 35% over the first quarter. This strong performance was offset by weakness in Japan."

"The quarter saw significant developments in our Video-on-Demand (VOD) division, including the previously announced selection by Time Warner Cable for participation in its Pegasus Program, selection by Intertainer, Inc. as its platform of choice, and alliances with General Instruments Corporation and Pioneer Digital Technologies. We are experiencing significant progress on all fronts. First, in the domestic residential cable market we installed our first system. In the international residential cable market, our server is being used in laboratory demonstrations by BBT for Telefonica in Spain, utilizing VDSL technology. Telefonica plans pilot system implementation to commence July 1999, in two to five cities. Second, on the hotel front, we just shipped our first system to DOMINTEL for installation in the Canary Islands. The DOMINTEL relationship should provide opportunities for another fifteen hotels.

"Further, our corporate intranet server has been retargeted to the educational field, with $1 million opportunities showing up in our fourth quarter through our Asian resellers. Finally, we started the new year with the welcome addition of Steve Nussrallah as President, Video-on-Demand, demonstrating our continued dedication to this exciting emerging market. We plan to continue our investment in our VOD division and remain bullish in respect to the VOD marketplace and Concurrent's position in that marketplace," Mr. Siegel concluded.

Concurrent Computer Corporation (Nasdaq:CCUR) (http://www.ccur.com), headquartered in Fort Lauderdale, Florida, is a leading supplier in the emerging digital video server marketplace. This market includes the residential, corporate training, hospitality and in-flight entertainment industries. For over 30 years, Concurrent has been a leader provider of high-performance real-time computer systems and software for the commercial and government markets. The company's real-time market focuses on strategic business areas that include industrial systems; software and embedded applications; data acquisition; simulation; and vibration control. Operating in 32 countries worldwide, Concurrent provides sales and support from offices throughout North America, South America, Europe, Asia, and Australia.

Certain matters discussed in this news release may be "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Concurrent Computer Corporation cautions investors that any forward-looking statements made herein are not guarantees of future performance and that a variety of factors could cause its actual results and experience to differ materially from the anticipated results or other expectations expressed in such forward-looking statements. The risks and uncertainties which could affect Concurrent Computer Corporation's performance or results include, without limitation, changes in product demand; economic conditions; various inventory risks due to changes in market conditions; uncertainties relating to the development and ownership of intellectual property; uncertainties relating to the ability of Concurrent Computer Corporation and other companies to enforce their intellectual property rights; the pricing and availability of equipment, materials and inventories; technological developments; delays in testing of new products; rapid technology changes; the highly competitive environment in which Concurrent Computer Corporation operates; the entry of new well-capitalized competitors into Concurrent Computer Corporation's markets, and other risks and uncertainties. -0-

                   CONCURRENT COMPUTER CORPORATION
                        INCOME STATEMENT ($K)

                               Three Months Ended   Six Months Ended
                                 December 31,         December 31,
                                1998     1997        1998     1997
                              -------- --------    -------- --------
Net sales:
  Computer systems            $ 9,068  $ 9,759     $15,796  $18,625
  Service and other            10,113   11,257      20,259   22,996
                              -------- --------    -------- --------
         Total                 19,181   21,016      36,055   41,621

Cost of sales:
  Computer systems              4,244    4,516       7,258    8,793
  Service and other             5,103    5,737      10,214   12,182
                              -------- --------    -------- --------
         Total                  9,347   10,253      17,472   20,975
                              -------- --------    -------- --------
Gross margin                    9,834   10,763      18,583   20,646

Operating expenses:
  Research and development      2,545    2,694       5,249    5,514
  Selling, general and
   administrative               6,750    5,870      12,583   11,894
  Other one-time transaction        -        -           -     (607)
                              -------- --------    -------- --------
Total operating expenses        9,295    8,564      17,832   16,801
                              -------- --------    -------- --------
Operating income                  539    2,199         751    3,845

Interest expense                  (71)    (188)       (149)    (450)
Interest income                    41       36          93       58
Other one-time gain (loss)        341        -         (88)     420
Other income (expense) - net      151      (41)        (32)    (242)
                              -------- --------    -------- --------
Income before provision
 for income taxes               1,001    2,006         575    3,631

Provision for income taxes         86      583          86      908
                              -------- --------    -------- --------
Net income                      $ 915  $ 1,423       $ 489  $ 2,723
Preferred stock dividends
 and accretion of mandatory
 redeemable preferred shares        -        -           -      (18)
                              -------- --------    -------- --------
Net income available to
 common shareholders            $ 915  $ 1,423       $ 489  $ 2,705
                              ======== ========    ======== ========
Basic and diluted net
 income per share              $ 0.02   $ 0.03      $ 0.01   $ 0.06
                              ======== ========    ======== ========


                          BALANCE SHEET ($K)

                                        Dec. 31,           June 30,
                                          1998               1998
ASSETS
Current assets:
  Cash and cash equivalents             $  5,777           $  5,733
  Accounts receivable - net               16,675             18,571
  Notes receivable - net                     722                425
  Inventories                              6,183              6,263
  Prepaid expenses and other
   current assets                          1,466              1,487
                                    ---------------    ---------------
         Total current assets             30,823             32,479
Property, plant and equipment - net       12,993             12,419
Other long-term assets                     1,212              1,337
                                    ===============    ===============
         Total assets                   $ 45,028           $ 46,235
                                    ===============    ===============


LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Notes payable                         $    440           $    365
  Revolving credit facility                  922              1,123
  Accounts payable and accrued expenses   10,866             13,321
  Deferred revenue                         3,249              4,018
                                    ---------------    ---------------
         Total current liabilities        15,477             18,827

Other long-term liabilities                2,095              1,898
                                    ---------------    ---------------
         Total liabilities                17,572             20,725
                                    ---------------    ---------------
Total stockholders' equity                27,456             25,510
                                    ---------------    ---------------
Total liabilities and
 stockholders' equity                   $ 45,028           $ 46,235
                                    ===============    ===============

Note: For additional company or product information from Concurrent Computer Corporation via fax, call 1.888.286.6418 or visit our website at http://www.ccur.com