Vecima achieves strong growth in content delivery segment, but total revenues are down

VICTORIA — Vecima Networks released its first quarter 2020 financial results Thursday morning, reporting a 5.6% decrease in overall revenues compared to the first quarter of 2019, despite a strong performance by the content delivery and storage segment of its business.For the three-month period ended September 30, 2019, Vecima achieved first quarter 2020 revenues of $20.1 million, down from its Q1 2019 revenues of $21.3 million. While the company’s Content Delivery and Storage segment achieved 31% year-over-year sales growth, this was offset by declining demand for legacy products in the company’s Video and Broadband Solutions segment as customers prepare to...