Envivio (ENVI) Tops Q2 EPS by 5c

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Envivio Reports Second Quarter Fiscal 2016 Financial Results

September 3, 2015 4:05 PM EDT

Q2 revenue increased 23% sequentially to $11.7 million; Company continues to make significant progress toward profitability; Company obtains significant wins and order expansions from US Tier 1 Operators

SAN FRANCISCO, Sept. 3, 2015 (GLOBE NEWSWIRE) -- Envivio, Inc. (Nasdaq: ENVI), a leading provider of software-based video processing and delivery solutions, today announced financial results for the quarter ended July 31, 2015.

Financial Highlights

Revenue for the second quarter of fiscal 2016 was $11.7 million, compared with $9.5 million in the first quarter of fiscal 2016 and $11.5 million in the second quarter of fiscal... More