SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                 ----------------


                                    FORM 10-Q


  (Mark One)

          X     Quarterly Report Pursuant to Section 13 or 15(d) of
         ---            the Securities Exchange Act of 1934

               For the Quarterly Period Ended December 31, 2002


                                       or

                Transition Report Pursuant to Section 13 or 15(d) of
          ---           the Securities Exchange Act of 1934

                  For the Transition Period from      to
                                                 ----    ----

                           Commission File No. 0-13150

                                  -------------

                         CONCURRENT COMPUTER CORPORATION
             (Exact name of registrant as specified in its charter)

             Delaware                                  04-2735766
     (State of Incorporation)               (I.R.S. Employer Identification No.)


                   4375 River Green Parkway, Duluth, GA  30096
                    (Address of principal executive offices)

                            Telephone: (678) 258-4000
              (Registrant's telephone number, including area code)


Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12  months  (or  for such shorter period that the Registrant was
required  to  file  such  reports),  and  (2)  has  been  subject to such filing
requirements for the past 90 days.
                                    Yes  X      No
                                        ---        ---


Number  of  shares  of the Registrant's Common Stock, par value $0.01 per share,
outstanding  as  of  February  4,  2003  was  61,969,981.


<PAGE>
<TABLE>
<CAPTION>
PART I    FINANCIAL INFORMATION

ITEM 1.   FINANCIAL STATEMENTS


                             CONCURRENT COMPUTER CORPORATION
               CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
                    (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)


                                            THREE MONTHS ENDED       SIX MONTHS ENDED
                                               DECEMBER 31,             DECEMBER 31,
                                            2002         2001         2002        2001
                                         -----------  -----------  -----------  --------
<S>                                      <C>          <C>          <C>          <C>
Revenues:
  Product:
    Real-time systems                    $    5,879   $    4,862   $    9,971   $10,198
    Video-on-demand systems                   8,879       12,210       21,328    15,464
                                         -----------  -----------  -----------  --------
      Total product revenues                 14,758       17,072       31,299    25,662

  Service:
    Real-time systems                         4,485        5,194        9,163    10,447
    Video-on-demand systems                     891          215        1,813       474
                                         -----------  -----------  -----------  --------
      Total service revenues                  5,376        5,409       10,976    10,921
                                         -----------  -----------  -----------  --------
      Total revenues                         20,134       22,481       42,275    36,583

Cost of sales:
  Product:
    Real-time systems                         2,288        2,127        4,064     4,628
    Video-on-demand systems                   4,936        6,879       10,177     8,767
                                         -----------  -----------  -----------  --------
      Total product cost of sales             7,224        9,006       14,241    13,395

  Service:
    Real-time systems                         2,503        2,964        5,110     5,813
    Video-on-demand systems                     802          431        1,462       835
                                         -----------  -----------  -----------  --------
      Total service cost of sales             3,305        3,395        6,572     6,648
                                         -----------  -----------  -----------  --------
      Total cost of sales                    10,529       12,401       20,813    20,043
                                         -----------  -----------  -----------  --------

Gross margin                                  9,605       10,080       21,462    16,540

Operating expenses:
  Sales and marketing                         4,758        4,174        9,162     8,328
  Research and development                    4,577        3,655        9,024     7,116
  General and administrative                  2,267        2,189        4,595     4,098
                                         -----------  -----------  -----------  --------
      Total operating expenses               11,602       10,018       22,781    19,542
                                         -----------  -----------  -----------  --------

Operating income (loss)                      (1,997)          62       (1,319)   (3,002)

Impairment loss on minority investment       (2,943)           -       (2,943)        -
Interest income - net                           102          192          298       407
Other expense - net                              47          (48)           -       (59)
                                         -----------  -----------  -----------  --------

Income (loss) before income taxes            (4,791)         206       (3,964)   (2,654)

Provision (benefit) for income taxes           (126)         150           81       300
                                         -----------  -----------  -----------  --------

Net income (loss)                        $   (4,665)  $       56   $   (4,045)  $(2,954)
                                         ===========  ===========  ===========  ========

Net income (loss) per share
      Basic                              $    (0.08)  $     0.00   $    (0.07)  $ (0.05)
                                         ===========  ===========  ===========  ========
      Diluted                            $    (0.08)  $     0.00   $    (0.07)  $ (0.05)
                                         ===========  ===========  ===========  ========
</TABLE>


     THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.


                                      -1-
<PAGE>
<TABLE>
<CAPTION>
                        CONCURRENT COMPUTER CORPORATION
                CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
                             (DOLLARS IN THOUSANDS)


                                              DECEMBER 31,    JUNE 30,
                                                 2002           2002
                                             --------------  ----------
                      ASSETS
<S>                                          <C>             <C>
Current assets:
  Cash and cash equivalents                  $      29,469   $  30,519
  Accounts receivable - net                         17,905      23,894
  Inventories                                        7,098       6,822
  Deferred tax asset                                   870         870
  Prepaid expenses and other current assets          1,799       1,009
                                             --------------  ----------
    Total current assets                            57,141      63,114

Property, plant and equipment - net                 11,564      10,696
Purchased developed computer software - net          1,298       1,393
Goodwill                                            10,744      10,744
Investment in minority owned companies               4,883       7,814
Note receivable from minority owned company          6,000       3,000
Deferred tax asset                                   1,087       1,087
Other long-term assets - net                           799         840
                                             --------------  ----------
    Total assets                             $      93,516   $  98,688
                                             ==============  ==========

         LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrued expenses      $      12,101   $  15,514
  Deferred revenue                                   5,129       4,055
                                             --------------  ----------
   Total current liabilities                       17,230      19,569

Long-term liabilities:
  Deferred revenue                                   2,097       1,677
  Deferred tax liability                             1,757       1,634
  Other                                              7,126       6,584
                                             --------------  ----------
    Total liabilities                               28,210      29,464

Stockholders' equity:
  Common stock                                         618         618
  Capital in excess of par value                   173,112     172,929
  Accumulated deficit                             (102,422)    (98,377)
  Treasury stock                                       (58)        (58)
  Accumulated other comprehensive loss              (5,944)     (5,888)
                                             --------------  ----------
    Total stockholders' equity                      65,306      69,224
                                             --------------  ----------

Total liabilities and stockholders' equity   $      93,516   $  98,688
                                             ==============  ==========
</TABLE>


    THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.


                                      -2-
<PAGE>
<TABLE>
<CAPTION>
                        CONCURRENT COMPUTER CORPORATION
           CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
                             (DOLLARS IN THOUSANDS)


                                                           SIX MONTHS ENDED
                                                             DECEMBER 31,
                                                           2002        2001
                                                        ----------  ----------
<S>                                                     <C>         <C>
OPERATING ACTIVITIES
Net loss                                                $  (4,045)  $  (2,954)
Adjustments to reconcile net loss to net
  cash provided by (used in) operating activities:
  Accrual of non-cash warrants                                192       1,417
  Depreciation and amortization                             2,324       2,423
  Impairment loss on minority investment                    2,943           -
  Other non cash expenses                                      84         324
  Changes in operating assets and liabilities:
     Accounts receivable                                    5,982      (6,022)
     Inventories                                             (354)        946
     Prepaid expenses and other current assets               (790)       (401)
     Other long-term assets                                    (4)        (32)
     Accounts payable and accrued expenses                 (3,413)       (615)
     Short-term deferred revenue                            1,074      (1,093)
     Long-term liabilities                                  1,127        (234)
                                                        ----------  ----------
  Total adjustments to net loss                             9,165      (3,287)
                                                        ----------  ----------
Net cash provided by (used in) operating activities         5,120      (6,241)

INVESTING ACTIVITIES
  Net additions to property, plant and equipment           (2,988)     (2,274)
  Note receivable from minority owned company              (3,000)          -
  Other                                                       (29)          -
                                                        ----------  ----------
Net cash used in investing activities                      (6,017)     (2,274)

FINANCING ACTIVITIES
  Net repayment of capital lease obligation                   (42)        (38)
  Proceeds from sale and issuance of common stock               8      27,271
                                                        ----------  ----------
Net cash provided by (used in) financing activities           (34)     27,233

Effect of exchange rates on cash and cash equivalents        (119)         59
                                                        ----------  ----------

Increase (decrease) in cash and cash equivalents           (1,050)     18,777
Cash and cash equivalents at beginning of period           30,519       9,460
                                                        ----------  ----------
Cash and cash equivalents at end of period              $  29,469   $  28,237
                                                        ==========  ==========

Cash paid during the period for:
  Interest                                              $       9   $      46
                                                        ==========  ==========
  Income taxes (net of refunds)                         $     249   $     317
                                                        ==========  ==========
</TABLE>


     THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.


                                      -3-
<PAGE>
                         CONCURRENT COMPUTER CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


1.   BASIS OF PRESENTATION

     The  condensed,  consolidated  interim  financial  statements of Concurrent
Computer  Corporation  ("Concurrent")  are unaudited and reflect all adjustments
(consisting of only normal recurring adjustments) necessary for a fair statement
of  Concurrent's financial position, results of operations and cash flows at the
dates  and for the periods indicated.  These financial statements should be read
in  conjunction  with the Annual Report on Form 10-K for the year ended June 30,
2002.  There  have  been  no  significant  changes  to  Concurrent's  Accounting
Policies  as disclosed in the Annual Report on Form 10-K for the year ended June
30,  2002.  Certain  reclassifications  have  been made to prior year amounts to
conform  with  the  current  year  presentation.  The  results reported in these
condensed, consolidated quarterly financial statements should not be regarded as
necessarily  indicative  of  results  that  may be expected for the entire year.

2.   BASIC AND DILUTED NET INCOME (LOSS) PER SHARE

     Basic net income (loss) per share is computed by dividing net income (loss)
by  the  weighted  average number of common shares outstanding during each year.
Diluted net income (loss) per share is computed by dividing net income (loss) by
the  weighted  average  number  of  shares  including  dilutive  common  share
equivalents.  Under  the  treasury stock method, incremental shares representing
the  number  of additional common shares that would have been outstanding if the
dilutive  potential  common  shares  had  been  issued  are  included  in  the
computation.  Common  share equivalents of 6,200,000 and 3,596,000 for the three
month periods ended December 31, 2002 and 2001, respectively, were excluded from
the  calculation  as their effect was antidilutive.  Common share equivalents of
6,164,000  and  7,385,000  for the six month periods ended December 31, 2002 and
2001,  respectively,  were  excluded  from  the  calculation as their effect was
antidilutive.  The  following  table presents a reconciliation of the numerators
and  denominators  of  basic and diluted income (loss) per share for the periods
indicated:

<TABLE>
<CAPTION>
                                           THREE MONTHS ENDED   SIX MONTHS ENDED
                                           DECEMBER 31, 2002    DECEMBER 31, 2002
                                          -------------------  -------------------
                                           BASIC     DILUTED    BASIC     DILUTED
                                          --------  ---------  --------  ---------
<S>                                       <C>       <C>        <C>       <C>
Average outstanding shares                 61,863     61,863    61,862     61,862
Dilutive effect of options and warrants         -          -         -          -
                                          --------  ---------  --------  ---------
Equivalent shares                          61,863     61,863    61,862     61,862
                                          ========  =========  ========  =========

Net loss                                  $(4,665)  $ (4,665)  $(4,045)  $ (4,045)
                                          ========  =========  ========  =========
Loss per share                            $ (0.08)  $  (0.08)  $ (0.07)  $  (0.07)
                                          ========  =========  ========  =========


                                           THREE MONTHS ENDED   SIX MONTHS ENDED
                                           DECEMBER 31, 2001    DECEMBER 31, 2001
                                          -------------------  -------------------
                                           BASIC     DILUTED    BASIC     DILUTED
                                          --------  ---------  --------  ---------
Average outstanding shares                 61,031     61,031    60,297     60,297
Dilutive effect of options and warrants         -      3,730         -          -
                                          --------  ---------  --------  ---------
Equivalent shares                          61,031     64,761    60,297     60,297
                                          ========  =========  ========  =========

Net income (loss)                         $    56   $     56   $(2,954)  $ (2,954)
                                          ========  =========  ========  =========
Income (loss) per share                   $  0.00   $   0.00   $ (0.05)  $  (0.05)
                                          ========  =========  ========  =========
</TABLE>


                                      -4-
<PAGE>
3.   REVENUE  RECOGNITION  AND  RELATED  MATTERS

     Video-on-demand  ("VOD") and real-time system revenues are recognized based
on  the guidance in American Institute of Certified Public Accountants Statement
of Position ("SOP") 97-2, "Software Revenue Recognition".  Concurrent recognizes
revenue  from  video-on-demand and real-time systems when persuasive evidence of
an  arrangement  exists,  the  system  has  been  shipped,  the  fee is fixed or
determinable  and collectibility of the fee is probable.  Under multiple element
arrangements,  Concurrent  allocates  revenue  to  the various elements based on
vendor-specific objective evidence ("VSOE") of fair value.  Concurrent's VSOE of
fair  value  is  determined  based on the price charged when the same element is
sold  separately.

     In  certain  limited  instances, Concurrent's customers require significant
customization  of  both  the  software and hardware products and, therefore, the
revenues  are  recognized  as  long term contracts in conformity with Accounting
Research  Bulletin  ("ARB") No. 45, "Long Term Construction Type Contracts", SOP
81-1,  "Accounting  for  Performance  of  Construction-Type  and  Certain
Production-Type  Contracts"  and  SOP 97-2, "Software Revenue Recognition".  For
long-term  contracts,  revenue  is recognized using the percentage-of-completion
method  of  accounting  based  on  costs incurred on the project compared to the
total  costs  expected  to  be  incurred  through  completion.

     Concurrent  recognizes revenue from customer service plans ratably over the
term  of  each plan, typically one year for real-time customers, and between one
and  three  years  for  VOD  customers.

     Custom  engineering  and  integration  services  performed by the Real-Time
division  are  typically  completed  within  90  days  from receipt of an order.
Revenues from these services are recognized upon completion and delivery of such
services  to  the  customer.

4.   INVENTORIES

     Inventories  are  valued  at  the  lower of cost or market, with cost being
determined  by using the first-in, first-out ("FIFO") method.  The components of
inventories  are  as  follows:

     (DOLLARS IN THOUSANDS)

                      DECEMBER 31,      JUNE 30,
                         2002            2002
                      -------------  ------------
     Raw materials    $       4,869  $      5,030
     Work-in-process          2,041         1,633
     Finished goods             188           159
                      -------------  ------------
                      $       7,098  $      6,822
                      =============  ============

5.   INVESTMENTS IN AND RECEIVABLE FROM MINORITY OWNED COMPANIES

      In  March  2002,  Concurrent  invested  in  Thirdspace  Living  Limited
("Thirdspace").  Thirdspace  is  a  closely  held United Kingdom global software
services  corporation that offers interactive and on-demand television solutions
for  DSL  (digital  subscriber  line)  and  other broadband networks. Concurrent
invested  cash  of  $4  million  and  issued  291,461 shares of its common stock
(valued  at  $10.29  per  share)  in  exchange  for 1,220,601 series C shares of
Thirdspace,  giving  Concurrent  a  14.4%  ownership  interest  in  all  shares
outstanding  as  of the investment date. As part of this transaction, Concurrent
capitalized  approximately  $300,000 in various transaction costs. The resale of
the  291,461  shares  was registered under a resale registration statement filed
with  the  Securities and Exchange Commission and declared effective on June 20,
2002.  As of December 31, 2002, all of these shares had been sold by Thirdspace.
In  exchange  for its investment, Concurrent also received a warrant for 400,000
series  C  shares  of Thirdspace. The warrant became exercisable on December 19,
2002.  If  the  fair market value of the warrant on the date of exercise is less
than  $5.73  per  share,  then  the exercise price will be the then current fair
market value. If the fair market value of the warrant on the date of exercise is
equal  to  or  greater than $5.73 per share, then the exercise price will be the
greater  of  $5.73  or  85%  of  the  then  current  fair  market  value.


                                      -5-
<PAGE>
      Although the fair market value of the Thirdspace Series C common stock and
the  Thirdspace  warrant  is  not readily determinable, management has evaluated
Thirdspace's  financial  condition  and  actual performance relative to expected
performance,  the  market  conditions  of the telecommunications sector, and the
state  of  the  economy  and  has  estimated  the  impact  on  the  valuation of
Thirdspace.  Based  on this analysis, Concurrent believes that there has been an
other-than-temporary  decline  in  the  market  value  of  its  minority  equity
investment  in  Thirdspace  and  has  recorded  a $2.9 million impairment charge
against  the  investment  in  Thirdspace in the quarter ended December 31, 2002.

     Concurrent also loaned Thirdspace $6 million in exchange for two $3 million
long-term  convertible  notes  receivable, bearing interest at 8% annually, with
interest  payments  first  due December 31, 2002, and semi-annually, thereafter.
The  notes  are convertible into Series C shares of Thirdspace, at the option of
Concurrent, beginning six months after issuance (March 19, 2002 and September 3,
2002,  respectively)  and  may be converted at any time prior to 48 months after
the  issuance  of  the  notes.  The notes are convertible based on the then fair
market value of the common stock. The first note became convertible on September
19, 2002. Concurrent has a security interest in all of the assets of Thirdspace,
which  is subject to a prior lien on Thirdspace's intellectual property securing
an obligation of approximately $3.8 million at December 31, 2002. Other than the
prior lien on Thirdspace's intellectual property, Concurrent's security interest
ranks  ratably  with  those of other secured creditors. As of December 31, 2002,
Thirdspace  had  an  aggregate  of  $1.5  million  of additional debt that ranks
ratably  with Concurrent's indebtedness. Thirdspace has not yet made the initial
interest  payment  due  December  31,  2002.  Consequently,  Concurrent  has not
recorded  the  interest  earned  during  the  quarter ended December 31, 2002 as
income  for the quarter. Concurrent will recognize the interest as income in the
quarter  collected  or  when  the  likelihood  of  collection  becomes probable.

      Concurrent  is  accounting  for  its  investment  in  the common stock and
warrant  of  Thirdspace using the cost method, as Concurrent does not believe it
exercises  significant  influence  on  Thirdspace.  The  convertible  notes  are
recorded  at  fair  value,  in accordance with SFAS 115, "Accounting for Certain
Investments  in Debt and Equity Securities", with changes in fair value recorded
as  a  component  of  other  comprehensive  income.

     The  future success of Thirdspace and the growth in the number of customers
utilizing  their  interactive  and  on-demand television technology is dependent
upon,  among  other  things,  their  ability  to  obtain  additional funding for
operations,  the  state  of  the  economy,  and  the  financial  condition  and
willingness to deploy video applications by the telecommunications industry. The
inability  of  Thirdspace  to  obtain  additional  funding or the continued weak
status  of  the economy, especially the telecommunications sector, would have an
adverse  impact on the financial condition and performance of Thirdspace and may
require Concurrent to further write-down its equity investment in Thirdspace and
possibly the notes receivable. Even though Concurrent has a security interest in
Thirdspace's  assets,  there  can  be  no  assurance  that  such  assets will be
sufficient  to  repay  the  debt  owed to Concurrent in the event of insolvency.
Concurrent  could lose its entire debt and equity investment in Thirdspace.  The
investment and notes receivable are reviewed for impairment on a quarterly basis
in  accordance  with  Accounting  Principles  Board  Opinion No. 18, "The Equity
Method  of  Accounting for Investments in Common Stock" and SFAS 115 "Accounting
for  Certain  Investments in Debt and Equity Securities". Any further adjustment
to the value of the investment or the notes receivable will be recognized in the
consolidated  statements  of operations in the period the decrease in fair value
is  determined.

     In  the  ordinary  course  of  business,  Concurrent  sells  equipment  to
Thirdspace.  During  the  three  month  and six month periods ended December 31,
2002,  Concurrent  sold  $36,000  and  $76,000  of  equipment,  respectively, to
Thirdspace.

     In April 2002, Concurrent invested cash of $500,000 in Everstream Holdings,
Inc.  ("Everstream") in exchange for 480,770 shares of Series C Preferred stock,
giving  Concurrent  a  4.9%  ownership interest.  Everstream is a privately held
company  specializing in broadband advertising systems, software, infrastructure
and  related  integration services.  Concurrent is accounting for its investment
in  the  Series  C  Preferred  stock  of  Everstream  using  the cost method, as
Concurrent  does  not  believe it exercises significant influence on Everstream.
The  investment  is  reviewed  for  impairment  on  a  quarterly  basis.

     In  the  ordinary  course  of  business,  Concurrent  purchases  consulting
services  from  Everstream.  During  the three month and six month periods ended
December  31,  2002,  Concurrent  purchased  $403,000  and  $638,000 of contract
software  development  services,  respectively,  from  Everstream.


                                      -6-
<PAGE>
6.   ACCOUNTS  PAYABLE  AND  ACCRUED  EXPENSES

     The components of accounts payable and accrued expenses are as follows:

     (DOLLARS IN THOUSANDS)

                                    DECEMBER 31,      JUNE 30,
                                       2002            2002
                                    -------------  -------------
     Accounts payable, trade        $       3,691  $       5,351
     Accrued payroll, vacation and
       other employee expenses              4,572          5,872
     Warranty accrual                       2,294          2,272
     Other accrued expenses                 1,544          2,019
                                    -------------  -------------
                                    $      12,101  $      15,514
                                    =============  =============

7.   COMPREHENSIVE  INCOME

     Concurrent's total comprehensive income (loss) is as follows:

     (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                 THREE MONTHS ENDED           SIX MONTHS ENDED
                                                     DECEMBER 31,                DECEMBER 31,
                                                  2002          2001          2002          2001
                                              ------------  ------------  ------------  ------------
<S>                                           <C>           <C>           <C>           <C>
Net income (loss)                             $    (4,665)  $        56   $    (4,045)  $    (2,954)

Other comprehensive income (loss):
  Foreign currency translation income (loss)          162          (180)          (56)           93

                                              ------------  ------------  ------------  ------------
Total comprehensive income (loss)             $    (4,503)  $      (124)  $    (4,101)  $    (2,861)
                                              ============  ============  ============  ============
</TABLE>

8.   SEGMENT  INFORMATION

     Concurrent  operates  its business in two divisions: Real-Time and Xstreme.
Its  Real-Time  division  is  a  leading provider of high-performance, real-time
computer  systems,  solutions and software for commercial and government markets
focusing  on  strategic  market  areas  that  include  hardware-in-the-loop  and
man-in-the-loop  simulation,  data acquisition, industrial systems, and software
and  embedded  applications.  Its  Xstreme  division  is  a  leading supplier of
digital  video server systems to a wide range of industries serving a variety of
markets,  including  the  broadband  cable and DSL, education, intranet/distance
learning,  and  other  related markets.  Shared expenses are primarily allocated
based on either revenues or headcount.  Corporate costs include costs related to
the  offices  of  the  Chief Executive Officer, Chief Financial Officer, General
Counsel,  Investor  Relations  and  other  administrative costs including annual
audit  and  tax  fees,  legal  fees,  Board  of Director fees and similar costs.


                                      -7-
<PAGE>
     The  following  summarizes  the  operating income (loss) by segment for the
three-month periods ended December 31, 2002 and December 31, 2001, respectively:

<TABLE>
<CAPTION>
     (DOLLARS IN THOUSANDS)

                                      THREE MONTHS ENDED DECEMBER 31, 2002 (UNAUDITED)
                               -------------------------------------------------------------
                                 REAL-TIME         VOD          CORPORATE         TOTAL
                               -------------  --------------  --------------  --------------
<S>                            <C>            <C>             <C>             <C>
Revenues:
  Product                      $       5,879  $       8,879   $           -   $      14,758
  Service                              4,485            891               -           5,376
                               -------------  --------------  --------------  --------------
     Total                            10,364          9,770               -          20,134

Cost of sales:
  Product                              2,288          4,936               -           7,224
  Service                              2,503            802               -           3,305
                               -------------  --------------  --------------  --------------
     Total                             4,791          5,738               -          10,529
                               -------------  --------------  --------------  --------------

Gross margin                           5,573          4,032               -           9,605

Operating expenses
  Sales and marketing                  1,924          2,682             152           4,758
  Research and development             1,278          3,299               -           4,577
  General and administrative             406            502           1,359           2,267
                               -------------  --------------  --------------  --------------
    Total operating expenses           3,608          6,483           1,511          11,602
                               -------------  --------------  --------------  --------------

Operating income (loss)        $       1,965  $      (2,451)  $      (1,511)  $      (1,997)
                               =============  ==============  ==============  ==============


                                      THREE MONTHS ENDED DECEMBER 31, 2001 (UNAUDITED)
                               -------------------------------------------------------------
                                 REAL-TIME         VOD          CORPORATE         TOTAL
                               -------------  --------------  --------------  --------------
Revenues:
  Product                      $       4,862  $      12,210   $           -   $      17,072
  Service                              5,194            215               -           5,409
                               -------------  --------------  --------------  --------------
     Total                            10,056         12,425               -          22,481

Cost of sales:
  Product                              2,127          6,879               -           9,006
  Service                              2,964            431               -           3,395
                               -------------  --------------  --------------  --------------
     Total                             5,091          7,310               -          12,401
                               -------------  --------------  --------------  --------------

Gross margin                           4,965          5,115               -          10,080

Operating expenses
  Sales and marketing                  1,726          2,312             136           4,174
  Research and development             1,272          2,383               -           3,655
  General and administrative             393            564           1,232           2,189
                               -------------  --------------  --------------  --------------
    Total operating expenses           3,391          5,259           1,368          10,018
                               -------------  --------------  --------------  --------------

Operating income (loss)        $       1,574  $        (144)  $      (1,368)  $          62
                               =============  ==============  ==============  ==============
</TABLE>


                                      -8-
<PAGE>
     The  following  summarizes  the  operating income (loss) by segment for the
six-month  periods  ended December 31, 2002 and December 31, 2001, respectively:

<TABLE>
<CAPTION>
     (DOLLARS  IN  THOUSANDS)

                                                    SIX MONTHS ENDED DECEMBER 31, 2002 (UNAUDITED)
                                                    ----------------------------------------------
                                                    REAL-TIME       VOD       CORPORATE    TOTAL
                                                    ----------  -----------  -----------  --------
<S>                                                 <C>         <C>          <C>          <C>
Revenues:
  Product                                           $    9,971  $   21,328   $        -   $31,299
  Service                                                9,163       1,813            -    10,976
                                                    ----------  -----------  -----------  --------
    Total                                               19,134      23,141            -    42,275

Cost of sales:
  Product                                                4,064      10,177            -    14,241
  Service                                                5,110       1,462            -     6,572
                                                    ----------  -----------  -----------  --------
    Total                                                9,174      11,639            -    20,813
                                                    ----------  -----------  -----------  --------

Gross margin                                             9,960      11,502            -    21,462

Operating expenses
  Sales and marketing                                    3,768       5,086          308     9,162
  Research and development                               2,677       6,347            -     9,024
  General and administrative                               835       1,065        2,695     4,595
                                                    ----------  -----------  -----------  --------
    Total operating expenses                             7,280      12,498        3,003    22,781
                                                    ----------  -----------  -----------  --------

Operating income (loss)                             $    2,680  $     (996)  $   (3,003)  $(1,319)
                                                    ==========  ===========  ===========  ========


                                                    SIX MONTHS ENDED DECEMBER 31, 2001 (UNAUDITED)
                                                    REAL-TIME       VOD       CORPORATE    TOTAL
                                                    ----------  -----------  -----------  --------
Revenues:
  Product                                           $   10,198  $   15,464   $        -   $25,662
  Service                                               10,447         474            -    10,921
                                                    ----------  -----------  -----------  --------
    Total                                               20,645      15,938            -    36,583

Cost of sales:
  Product                                                4,628       8,767            -    13,395
  Service                                                5,813         835            -     6,648
                                                    ----------  -----------  -----------  --------
    Total                                               10,441       9,602            -    20,043
                                                    ----------  -----------  -----------  --------

Gross margin                                            10,204       6,336            -    16,540

Operating expenses
  Sales and marketing                                    3,363       4,676          289     8,328
  Research and development                               2,504       4,612            -     7,116
  General and administrative                               752         872        2,474     4,098
                                                    ----------  -----------  -----------  --------
    Total operating expenses                             6,619      10,160        2,763    19,542
                                                    ----------  -----------  -----------  --------

Operating income (loss)                             $    3,585  $   (3,824)  $   (2,763)  $(3,002)
                                                    ==========  ===========  ===========  ========
</TABLE>


                                      -9-
<PAGE>
9.   ISSUANCE AND ACCRUAL OF NON-CASH WARRANTS

     On March 29, 2001, Concurrent entered into a three-year definitive purchase
agreement  with  Comcast  Cable, providing for the purchase of VOD equipment. As
part  of  that  agreement,  Concurrent  agreed to issue three different types of
warrants.

     Concurrent  issued  a warrant to purchase 50,000 shares of its Common Stock
on  March  29, 2001, exercisable at $5.196 per share over a four-year term. This
warrant  is  referred  to  as  the  "Initial  Warrant."

     Concurrent  is  also  generally obligated to issue new warrants to purchase
shares  of  its Common Stock to Comcast at the end of each quarter through March
31,  2004,  based  upon  specified  performance  goals which are measured by the
number  of  Comcast basic cable subscribers that have the ability to utilize the
VOD  service.  The  incremental number of subscribers that have access to VOD at
each  quarter end as compared to the prior quarter end multiplied by a specified
percentage  is  the  number  of  additional warrants that were earned during the
quarter.  These  warrants  are  referred  to  as  the  "Performance  Warrants".
Concurrent  issued  to Comcast a performance warrant for 4,431 shares on October
9,  2001,  exercisable  at $6.251 per share over a four-year term, a performance
warrant  for 52,511 shares on January 15, 2002, exercisable at $15.019 per share
over  a four year term, and a performance warrant for 1,502 shares on August 10,
2002,  exercisable  at  $5.707  per  share  over  a  four  year  term.

     The resale of the shares issuable upon exercise of the warrants to purchase
50,000  shares  and  4,431 shares were registered under a registration statement
filed  with  the  Securities  and  Exchange Commission and declared effective on
November  20,  2001.

     Concurrent  will  also  issue additional warrants to purchase shares of its
Common  Stock,  if  at  the  end of any quarter the then total number of Comcast
basic  cable  subscribers  with  the  ability  to utilize the VOD system exceeds
specified  threshold  levels.  These  warrants  are  referred  to  as the "Cliff
Warrants".

     Concurrent  is  recognizing  the  value of the Performance Warrants and the
Cliff  Warrants  over  the term of the agreement as Comcast purchases additional
VOD  servers  from  Concurrent and makes the service available to its customers.
For  the  three  month  period  ended  December  31, 2002, Concurrent recognized
$56,000 as a decrease in revenue for the Performance Warrants and Cliff Warrants
that have been earned but unissued.  For the six month period ended December 31,
2002, Concurrent recognized $2,000 as an increase in revenue for the Performance
Warrants and Cliff Warrants that have been earned but unissued.  The three month
decrease  in  revenue  results from the increase in basic subscribers during the
three  months  ended  December 31, 2002.  This quarterly decrease in revenue was
more  than  offset  over  the  six  month  period  ended December 31, 2002 by an
increase  in  revenue  due  to  a decrease in the value of the unissued warrants
using  the  Black-Scholes  valuation  model.  For  the three month and six month
periods  ended  December  31, 2001, Concurrent recognized $287,000 and $692,000,
respectively,  as  a reduction to revenue for the Performance Warrants and Cliff
Warrants  that  were  earned.

     The  value  of the warrants is determined using the Black-Scholes valuation
model.  The weighted-average assumptions used for the quarter ended December 31,
2002  were:  expected  dividend  yield  of 0%; risk-free interest rate of 2.39%;
expected  life  of  4  years; and an expected volatility of 119.57%.  Concurrent
will  adjust  the value of the earned but unissued warrants on a quarterly basis
using  the Black-Scholes valuation model until the warrants are actually issued.
The  value  of the new warrants earned and any adjustments in value for warrants
previously earned will be determined using the Black-Scholes valuation model and
recognized  as  part  of  revenue  on  a  quarterly  basis.

     The  exercise  price  of  the  warrants  is subject to adjustment for stock
splits,  combinations,  stock  dividends,  mergers,  and  other  similar
recapitalization  events.  The  exercise price is also subject to adjustment for
issuance  of additional equity securities at a purchase price less than the then
current  fair  market  value  of  Concurrent's  Common  Stock.  Based  on  the
information that is currently available, Concurrent does not expect the warrants
to  be  issued to Comcast to exceed 1% of its outstanding shares of Common Stock
over the term of the agreement.  The exercise price of the warrants to be issued
to Comcast will equal the average closing price of Concurrent's Common Stock for
the  30  trading  days prior to the applicable warrant issuance date and will be
exercisable  over  a  four  year  term.


                                      -10-
<PAGE>
     In  accordance  with  a  five  year  definitive  agreement  with Scientific
Atlanta,  Inc.  ("SAI")  executed  in August of 1998, Concurrent agreed to issue
warrants  to  SAI upon achievement of pre-determined revenue targets.  The value
of  these  warrants  cannot  exceed  5%  of applicable revenue and the number of
shares  of  Concurrent  common stock related to the warrant are determined using
the Black-Scholes valuation model and cannot exceed 888,888 shares for every $30
million  of  revenue  from  the sale of VOD servers using the SAI platform.  The
Black-Scholes  value  of  these warrants cannot impact gross margin by more than
$1.5 million per $30 million of applicable revenue.  Concurrent accrues for this
cost  as  a  part  of  cost  of  sales  at the time of recognition of applicable
revenue.  For  each of the three month periods ended December 31, 2002 and 2001,
Concurrent accrued $190,000 and $559,000, respectively, as a part of VOD systems
cost  of  sales for SAI performance warrants that have been earned but unissued.
For  each  of the six month periods ended December 31, 2002 and 2001, Concurrent
accrued  $193,000  and  $725,000, respectively, as a part of VOD systems cost of
sales  for  SAI  performance  warrants that have been earned but unissued.  As a
result  of  the  cumulative  revenue  from  sales  of  VOD servers using the SAI
platform reaching the first $30 million revenue target, Concurrent issued to SAI
a  warrant  for 261,164 shares on April 1, 2002, exercisable at $7.106 per share
over  a  four  year  term.

10.  REVOLVING  CREDIT  FACILITY

     Concurrent  had  a revolving credit facility with a bank which provided for
borrowings  up  to $5 million at an interest rate of prime plus 0.75% or between
LIBOR  plus  2.25%  and  LIBOR  plus  3.00%  depending  on Concurrent's ratio of
Consolidated  Funded  Debt  (as  defined  in  the  credit  facility)  to EBITDA.
Concurrent  pledged  substantially  all  of  its  assets  as  collateral for the
facility.  No  borrowings were outstanding at December 31, 2002 under the credit
facility  and  the  credit facility expired on December 31, 2002. Concurrent has
elected not to renew or extend this credit facility beyond its December 31, 2002
expiration  date.

11.  RECENT  ACCOUNTING  PRONOUNCEMENTS

     In December 2002, the FASB issued SFAS No. 148, "Accounting for Stock-Based
Compensation  -  Transition and Disclosure." This statement amends SFAS No. 123,
"Accounting  for  Stock-Based  Compensation,"  to provide alternative methods of
transition for voluntary change to the fair value based method of accounting for
stock-based  employee  compensation.  In  addition,  SFAS  No.  148  amends  the
disclosure requirements of SFAS No. 123 to require prominent disclosures in both
annual  and  interim  financial  statements  about  the method of accounting for
stock-based  employee compensation and the effect of the method used on reported
results.  The  transition  guidance and annual disclosure provisions of SFAS No.
148 are effective for Concurrent's 2003 annual financial statements, whereas the
interim  disclosure  provisions  are effective for Concurrent's first quarter of
fiscal  2004.  Management is currently assessing the impact on its disclosure in
its  annual  report and its interim reports of the adoption of SFAS No. 148. The
company  plans  to  continue accounting for its stock option plans in accordance
with  the  provisions  of Accounting Principles Board Opinion No. 25 "Accounting
for  Stock  Issued  to  Employees"  and  related  interpretations.

12.  CONTINGENCIES

     Concurrent,  from time to time, is involved in litigation incidental to the
conduct  of its business.  Concurrent believes that such pending litigation will
not  have  a  material  adverse  effect on Concurrent's results of operations or
financial  condition.


                                      -11-
<PAGE>
ITEM 2.   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
          RESULTS OF OPERATIONS

APPLICATION OF CRITICAL ACCOUNTING POLICIES

   Revenue  Recognition

     Video-on-demand  and  real-time system revenues are recognized based on the
guidance  in  American  Institute  of  Certified Public Accountants Statement of
Position  97-2,  "Software  Revenue Recognition".  Concurrent recognizes revenue
from  video-on-demand  and real-time systems when: (1) persuasive evidence of an
arrangement  exists;  (2)  the  system has been shipped; (3) the fee is fixed or
determinable;  and  (4)  collectibility  of the fee is probable.  Under multiple
element arrangements, Concurrent allocates revenue to the various elements based
on vendor-specific objective evidence ("VSOE") of fair value.  Concurrent's VSOE
of  fair value is determined based on the price charged when the same element is
sold  separately.  Determination  of  criteria  (3)  and  (4)  are  based  on
management's  judgements  regarding  the  fixed  nature  of  the fee charged for
products  and  services  delivered and the collectibility of those fees.  Should
changes  in  conditions cause management to determine these criteria are not met
for  certain  future  transactions,  revenue recognized for any reporting period
could  be  adversely  affected.

     In  certain  limited  instances, Concurrent's customers require significant
customization  of  both  software and hardware products and, therefore, revenues
are recognized as long term contracts using the percentage-of-completion method,
which  relies  on  estimates  of  total  expected  contract  revenue  and costs.
Concurrent  follows  this  method  since  reasonably dependable estimates of the
revenue  and  costs  applicable  to  various  stages  of a contract can be made.
Recognized  revenues  and  profit  are  subject  to  revisions  as  the contract
progresses to completion. Revisions in profit estimates are charged to income in
the  period  in  which  the  facts  that give rise to the revision become known.

   Valuation and Accrual of Non-Cash Warrants

     Concurrent  entered  into  a  three-year definitive purchase agreement with
Comcast Cable in March of 2001, providing for the sale of VOD equipment. As part
of  that agreement, Concurrent agreed to issue three types of warrants (See note
9  to  the  condensed  consolidated  financial  statements).

     Concurrent  recognized  the  value of the Initial Warrant as a reduction of
revenue in the quarter ended March 31, 2001.  Concurrent recognizes the value of
Performance  Warrants  and  Cliff  Warrants as an adjustment to revenue over the
term  of  the  agreement  as  Comcast  purchases  additional  VOD  servers  from
Concurrent  and  makes  the  service  available  to  its  customers.

     The  value  of the warrants is determined using the Black-Scholes valuation
model.  The  weighted  assumptions  used for the quarter ended December 31, 2002
were:  expected  dividend yield - 0%; risk free interest rate  - 2.39%; expected
life  -  4  years; and expected volatility - 119.57%. Concurrent will adjust the
value  of  the  earned  but  unissued  warrants  on  a quarterly basis using the
valuation  option-pricing  model  until  the  warrants are actually issued.  The
value of the new warrants earned, but unissued, and any adjustments in value for
warrants  previously  earned,  but  unissued,  will  be  determined  using  the
Black-Scholes  valuation  model and recognized as part of revenue on a quarterly
basis.  To  the  extent the above assumptions change on a periodic basis, or the
number  of  subscribers capable of receiving VOD increases or decreases, revenue
and  gross  margins  may  be  positively  or  negatively  impacted.

     In  accordance  with  a  five  year  definitive  agreement  with Scientific
Atlanta,  Inc.  ("SAI")  executed  in August of 1998, Concurrent agreed to issue
warrants to SAI upon achievement of pre-determined revenue targets. The value of
these  warrants  cannot exceed 5% of applicable revenue and the number of shares
related  to  the  warrant are determined using the Black-Scholes valuation model
and  cannot exceed 888,888 shares for every $30 million of revenue from the sale
of VOD servers using the SAI platform. The Black-Scholes value of these warrants
cannot  impact  gross  margin  by  more  than  $1.5  million  per $30 million of
applicable  revenue. Concurrent accrues for this cost as a part of cost of sales
at  the  time  of  recognition  of  applicable  revenue.


                                      -12-
<PAGE>
   Warranty Accrual/Maintenance Revenue Deferral

     Concurrent  either accrues the estimated costs to be incurred in performing
warranty  services  at  the  time  of  revenue  recognition  and shipment of the
servers,  or  defers  revenue  associated  with  the  maintenance services to be
provided  during  the  warranty period based upon the value for which Concurrent
would  sell  such  services separately, depending upon the specific terms of the
customer  agreement.  Concurrent's  estimate  of  costs  to service its warranty
obligations  is  based  on  historical  experience  and  expectation  of  future
conditions.  To  the  extent  Concurrent  experiences  increased  warranty claim
activity or increased costs associated with servicing those claims, its warranty
accrual  will  increase  resulting  in  decreased  gross  margin.

   Inventory Valuation Reserves

     Concurrent provides for inventory obsolescence based upon assumptions about
future  demand,  market conditions and anticipated timing of the release of next
generation  products.  If  actual  market  conditions  or future demand are less
favorable than those projected by management, or if next generation products are
released  earlier  than  anticipated,  additional  inventory  write-downs may be
required.


   Impairment of Goodwill

     At  December  31,  2002,  Concurrent  had  $10.7  million  of goodwill.  In
assessing  the  recoverability  of  Concurrent's goodwill, the Company must make
assumptions regarding estimated future cash flows and other factors to determine
the  fair  value  of  the  respective assets.  If the estimates or their related
assumptions  change  in  the  future,  Concurrent  may  be  required  to  record
impairment charges for these assets not previously recorded.  In connection with
the  adoption  of  SFAS  142,  Concurrent  was required to perform an impairment
assessment  within six months of its July 1, 2001 adoption.  As of September 30,
2001,  Concurrent completed this transitional impairment test and deemed that no
impairment  loss  was  necessary.  In  accordance  with  SFAS  142,  Concurrent
performed  an  annual  impairment  test  as of July 1, 2002, reaffirming that no
impairment loss is necessary.  Any subsequent impairment losses, if any, will be
reflected  in  operating  income  in  the  income  statement.

   Valuation of Deferred Tax Assets

     In assessing the realizability of deferred tax assets, management considers
whether  it is more likely than not that some portion or all of the deferred tax
assets  will  be  realized.  The  ultimate realization of deferred tax assets is
dependent  upon  the  generation  of future taxable income during the periods in
which  those  temporary  differences become deductible. At December 31, 2002 and
June  30,  2002,  substantially  all  of the deferred tax assets have been fully
reserved  due  to  the  operating  losses  for  the  past  several years and the
inability  to  assess  as  more  likely  than  not  the likelihood of generating
sufficient  future  taxable  income  to  realize  such  benefits.

   Investment In and Receivable from Minority Owned Company

     Concurrent  has  a  14.4% equity ownership interest in Thirdspace resulting
from  a $7.3 million investment made in March 2002. Additionally, Concurrent has
two  long-term notes receivable due from Thirdspace that total $6 million. As of
December  31,  2002,  Concurrent  evaluated  it's  $7.3  million  investment  in
Thirdspace and determined a $2.9 million impairment charge of its investment was
necessary,  based  upon  Thirdspace's financial condition and actual performance
relative  to  expected  performance,  the  market  conditions  of  the
telecommunications  sector,  the  state  of  the economy, and the reduced market
value  of  Thirdspace.  As  a  result of the charge, Concurrent has adjusted the
value  of  its  investment  in  Thirdspace to its estimated fair market value at
December  31, 2002. Thirdspace has not yet made the initial interest payment due
on  the  notes  receivable  on  December  31,  2002.

     The  future success of Thirdspace and the growth in the number of customers
utilizing  their  interactive  and  on-demand television technology is dependent
upon,  among  other  things,  their  ability  to  obtain  additional funding for
operations,  the  state  of  the  economy,  and  the  financial  condition  and
willingness to deploy video applications by the telecommunications industry. The
inability  of  Thirdspace  to  obtain  additional  funding or the continued weak
status  of  the economy, especially the telecommunications sector, would have an
adverse  impact on the financial condition and performance of Thirdspace and may
require Concurrent to further write-down its equity investment in Thirdspace and
possibly the notes receivable. Even though Concurrent has a security interest in
Thirdspace's  assets,  there  can  be  no  assurance  that  such  assets will be
sufficient  to  repay  the  debt  owed to Concurrent in the event of insolvency.
Concurrent  could  lose its entire debt and equity investment in Thirdspace. The
investment and notes receivable are reviewed for impairment on a quarterly basis
in  accordance  with  Accounting  Principles  Board


                                      -13-
<PAGE>
Opinion  No.  18,  "The  Equity  Method  of Accounting for Investments in Common
Stock"  and  SFAS  115  "Accounting  for  Certain Investments in Debt and Equity
Securities".  Any further adjustment to the value of the investment or the notes
receivable  will  be  recognized in the consolidated statements of operations in
the  period  the  decrease  in  fair  value  is  determined.



                                      -14-
<PAGE>
SELECTED OPERATING DATA AS A PERCENTAGE OF TOTAL REVENUE

     The  following  table sets forth selected operating data as a percentage of
total  revenue,  unless  otherwise  indicated, for certain items in Concurrent's
consolidated  statements  of  operations  for  the  periods  indicated.

<TABLE>
<CAPTION>
                                                    THREE MONTHS ENDED       SIX MONTHS ENDED
                                                       DECEMBER 31,            DECEMBER 31,
                                                     2002        2001        2002        2001
                                                  ----------  ----------  ----------  ----------
                                                         (Unaudited)            (Unaudited)
<S>                                               <C>         <C>         <C>         <C>
Net sales:
  Product sales (% of total sales):

    Real-time systems                                 29.2 %       21.6%      23.6 %      27.9 %
    Video-on-demand systems                            44.1        54.3        50.5        42.3
                                                  ----------  ----------  ----------  ----------
      Total product sales                              73.3        75.9        74.0        70.1
  Service:
    Real-time systems                                  22.3        23.1        21.7        28.6
    Video-on-demand systems                             4.4         1.0         4.3         1.3
                                                  ----------  ----------  ----------  ----------
      Total service sales                              26.7        24.1        26.0        29.9
                                                  ----------  ----------  ----------  ----------
      Total                                           100.0       100.0       100.0       100.0

Cost of sales (% of respective sales category):
  Product:
    Real-time systems                                  38.9        43.8        40.8        45.4
    Video-on-demand systems                            55.6        56.3        47.7        56.7
                                                  ----------  ----------  ----------  ----------
      Total product cost of sales                      48.9        52.8        45.5        52.2

  Service:
    Real-time systems                                  55.8        57.1        55.8        55.6
    Video-on-demand systems                            90.0       200.5        80.6       176.2
                                                  ----------  ----------  ----------  ----------
      Total service cost of sales                      61.5        62.7        59.9        60.9
                                                  ----------  ----------  ----------  ----------
      Total cost of sales                              52.3        55.2        49.2        54.8
                                                  ----------  ----------  ----------  ----------
Gross margin                                           47.7        44.8        50.8        45.2

Operating expenses:
  Sales and marketing                                  23.6        18.6        21.7        22.8
  Research and development                             22.7        16.3        21.3        19.5
  General and administrative                           11.3         9.7        10.9        11.2
                                                  ----------  ----------  ----------  ----------
      Total operating expenses                         57.6        44.6        53.9        53.4
                                                  ----------  ----------  ----------  ----------

Operating income (loss)                                (9.9)        0.3        (3.1)       (8.2)

Impairment loss on minority investment                (14.6)          -        (7.0)          -
Interest income - net                                   0.5         0.9         0.7         1.1
Other expense - net                                     0.2        (0.2)          -        (0.2 )
                                                  ----------  ----------  ----------  ----------

Income (loss) before income taxes                     (23.8)        0.9        (9.4)       (7.3)

Provision (benefit) for income taxes                   (0.6)        0.7         0.2         0.8
                                                  ----------  ----------  ----------  ----------

Net income (loss)                                     (23.2)%       0.2%       (9.6)%      (8.1)%
                                                  ==========  ==========  ==========  ==========
</TABLE>


                                      -15-
<PAGE>
RESULTS OF OPERATIONS

THE QUARTER ENDED DECEMBER 31, 2002 COMPARED TO THE QUARTER ENDED DECEMBER 31,
2001

      Product Sales. Total product sales were $14.8 million for the three months
ended  December 31, 2002, a decrease of $2.3 million or 13.6% from $17.1 million
for  the  three  months ended December 31, 2001. This decrease resulted from VOD
product  sales  decreasing  by  $3.3  million to $8.9 million in the three month
period  ended  December 31, 2002 from $12.2 million for the same period in 2001.
The  decrease in VOD product sales is primarily due to increased scrutiny by the
cable operators of their capital expenditures as they continue to put more focus
on positive free cash flow. During the three months ended December 31, 2002, VOD
product  purchases  from  each  of  three  North  American multiple system cable
operators  (MSO'S)  accounted for more than 10% of VOD system revenue and 96% of
VOD  system revenue in the aggregate. During the three months ended December 31,
2001,  VOD  product purchases from one particular North American multiple system
cable  operator  accounted  for  96.0%  of  VOD  system  revenue.

     Sales  of  Real-Time  products  increased  20.9% to $5.9 million during the
three  month period ended December 31, 2002 from $4.9 million in the three month
period  ended  December  31, 2001. This increase in real-time product revenue is
due to an increase in product sales to the Real-time division's largest customer
and is related to a new real-time project for which this particular customer had
not  engaged  Concurrent  in  the  prior  year.  Sales  to  this single customer
accounted  for approximately 56.0% of real-time product sales during the quarter
ended December 31, 2002, compared to 29.0% of real-time product sales during the
same  period  in  the  prior  year.

     Service  Sales. Service sales remained at $5.4 million for the three months
ended  December  31,  2002,  compared  to the same period in the prior year. VOD
service  revenue  increased  $0.7  million, or 314% to $0.9 million in the three
month  period  ended  December 31, 2002 from $0.2 million for the same period in
2001,  as  the  Xstreme  division  continues to build its VOD customer base that
requires  installation,  training,  and  technical  support.  This  increase was
partially  offset  by  the $0.7 million decrease in real-time service revenue to
$4.5 million in the three month period ended December 31, 2002 from $5.2 million
for  the  same  period in the prior year. Real-time service revenue continues to
decline  primarily  due  to the cancellation of proprietary computer maintenance
contracts  as  the  machines  are  removed  from  service,  and due to customers
switching  from proprietary real-time systems to Concurrent's open systems which
are  less  expensive  to  maintain.

     Product  Gross  Margin.  The product gross margin decreased to $7.5 million
for  the  three  months  ended December 31, 2002 from $8.1 million for the three
months  ended  December  31,  2001.  The  gross  margin as a percentage of sales
increased  to 51.1% in the three month period ended December 31, 2002 from 47.2%
in  the three month period ended December 31, 2001, due to increases in both VOD
and  real-time  product  margins in the current year quarter.  VOD product gross
margins  increased  to  44.4%  in the three month period ended December 31, 2002
from  43.7%  in  the three month period ended December 31, 2001, due to improved
efficiencies  in  the  new MediaHawk model 3000 server.  Real-time product gross
margins  increased  to  61.1%  for the three months ended December 31, 2002 from
56.3%  for  the  three  months  ended December 31, 2001, primarily due to strong
margins  on  both  hardware  and  software  product  sales.

     Service  Gross Margin. The gross margin on service sales increased to 38.5%
for  the  three months ended December 31, 2002 from 37.2% for the same period in
2001. This increase results from a $0.7 million increase in VOD service revenue,
bringing  margins  to  10.0%  during  the  three  months ended December 31, 2002
compared  to  a negative margin of 100.0% of VOD service revenue during the same
period  in  the  prior  year.  VOD service margins have increased as the Xstreme
division continues to build revenue from its growing customer base that requires
installation, training, and technical support at a faster rate than the costs to
support  such services are growing. Real-time service margins increased to 44.2%
during  the  three  months ended December 31, 2002, compared to 42.9% during the
same  period  in the prior year. This increase was due to a reduction in service
personnel  as  the Real-time division has scaled down the infrastructure that is
necessary  to  fulfill  declining  contractual  obligations  resulting  from the
cancellation of other proprietary computer maintenance contracts as the machines
are  removed  from  service,  and  due  to  customers switching from proprietary
real-time  systems  to  Concurrent's  open  systems  which are less expensive to
maintain.


                                      -16-
<PAGE>
     Sales and Marketing. Sales and marketing expenses increased as a percentage
of  sales  to  23.6% for the three months ended December 31, 2002 from 18.6% for
the  three  months  ended  December  31,  2001. These expenses increased to $4.8
million  during the three month period ended December 31, 2002 from $4.2 million
in  the  three  month  period  ended December 31, 2001. The Real-Time division's
sales  and marketing expenses increased $0.2 million due primarily to additional
personnel and due to an increase in trade show and related travel expenses, when
compared  to  the prior year quarter. The Xstreme division's sales and marketing
expenses  increased  $0.4  million  in  the three months ended December 31, 2002
compared  to  the same period in the prior year due to $0.3 million in severance
costs  for  international  personnel and due to additional trade show and travel
related  costs.

     Research  and Development. Research and development expenses increased as a
percentage  of sales to 22.7% for the three month period ended December 31, 2002
from  16.3%  for  the three month period ended December 31, 2001. These expenses
increased  $0.9  million  to  $4.6  million  during the three month period ended
December  31,  2002  from $3.7 million during the same period ended December 31,
2001.  This  increase is due to additional VOD research and development expenses
as  the  Real-Time division's research and development expenses remained at $1.3
million  during each of the three months ended December 31, 2002 and 2001. Since
the  three  months  ended  December  31,  2001,  the  Xstreme division added new
development  staff  and utilized outside consultants to focus on new application
software  development  and  customer  specific  integration  activities.  These
additions  resulted  in  a $0.7 million increase in VOD research and development
expenses  in  the three months ended December 31, 2002 when compared to the same
period  in  the  prior  year.

     General  and  Administrative. General and administrative expenses increased
as  a  percentage of sales to 11.3% for the three months ended December 31, 2002
from  9.7%  during  the  same period in the prior year. These expenses increased
$0.1  million  to  $2.3 million during the three month period ended December 31,
2002  from $2.2 million during the same period ended December 31, 2001, due to a
$0.2 million increase in salaries, wages and benefits. Since late in the quarter
ended  December  31,  2001,  Concurrent  has strengthened its legal and investor
relations  departments  and  during  the fourth quarter of the prior fiscal year
hired  a new Xstreme division president. In addition, Concurrent has experienced
a  $0.1  million  increase  in  corporate insurance costs since the three months
ended  December 31, 2001. Partially offsetting these additional costs was a $0.1
million  decline  in  bad  debt  expense.

     Impairment  Loss on Minority Investment. Concurrent recorded a $2.9 million
impairment  charge  during  the  quarter  ended  December  31,  2002,  due to an
other-than-temporary  decline in the estimated market value of a minority equity
investment  in  Thirdspace.  The  impairment  of  this  investment is based upon
Thirdspace's  financial  condition  and  actual performance relative to expected
performance,  the  market conditions of the telecommunications sector, the state
of the economy and the reduced market value of Thirdspace.

     Income  Taxes.  Concurrent  recorded an income tax benefit for its domestic
and  foreign  subsidiaries  of  $126,000  during  the  three  month period ended
December  31,  2002, compared to income tax expense of $150,000 during the three
month  period  ended  December  31, 2001. This benefit is based on a pre-tax net
loss  of  $4.8 million and pre-tax net income of $0.2 million in the three month
periods  ended  December  31,  2002 and 2001, respectively. In addition, for the
quarter  ended  December  31,  2002,  Concurrent  reversed  the  prior  quarter
utilization  of  certain net operating loss carryovers that were generated prior
to  the 1991 quasi-reorganization, the benefit of which was recorded directly to
equity  rather  than  as  a  reduction  to  federal  income  tax  expense.


                                      -17-
<PAGE>
     Net  Income (Loss). Concurrent recorded a net loss of $4.7 million or $0.08
per  basic  and  diluted  share  for  the  three months ended December 31, 2002,
compared  to net income of $0.1 million or $0.00 per basic and diluted share for
the  three  months  ended  December  31,  2001.

THE SIX MONTHS ENDED DECEMBER 31, 2002 COMPARED TO THE SIX MONTHS ENDED DECEMBER
31,  2001

     Product  Sales.  Total  product sales were $31.3 million for the six months
ended December 31, 2002, an increase of $5.6 million or 22.0% from $25.7 million
for  the  six  months  ended  December 31, 2001. This increase resulted from VOD
product  sales  increasing  by  $5.9  million  to $21.3 million in the six month
period  ended  December 31, 2002 from $15.5 million for the same period in 2001.
The  increase  in  VOD  product sales is due to the increase in Concurrent's VOD
customer base, as two North American MSO's that purchased VOD systems during the
six  months ended December 31, 2002 did not purchase VOD systems from Concurrent
during  the same period in the prior year. During the six months ended December
31, 2002, VOD product purchases from each of four North American MSO's accounted
for  more  than 10% of VOD system revenue and 88.1% of VOD system revenue in the
aggregate.  Sales  of  real-time  products  decreased  slightly by 2.2% to $10.0
million  in  the  six month period ended December 31, 2002 from $10.2 million in
the  six month period ended December 31, 2001, partially offsetting the increase
in  VOD  product  sales.  Sales to a single customer accounted for approximately
51.8%  of real-time product sales during the six months ended December 31, 2002.

     Service  Sales.  Service  sales increased $0.1 million to $11.0 million for
the  six  months  ended  December 31, 2002 from $10.9 million for the six months
ended  December  31,  2001.  The  increase  resulted  from  VOD  service revenue
increasing  $1.3  million to $1.8 million in the six month period ended December
31,  2002 from $0.5 million for the same period in 2001, as the Xstreme division
continues  to  build its VOD customer base that requires installation, training,
and  technical  support.  This increase was partially offset by the $1.2 million
decrease  in  real-time  service revenue to $9.2 million in the six month period
ended  December  31,  2002  from  $10.4 million for the same period in the prior
year.  Real-time  service  revenue  continues  to  decline  primarily due to the
cancellation  of  proprietary computer maintenance contracts as the machines are
removed  from service, and due to customers switching from proprietary real-time
systems  to  Concurrent's  open  systems  which  are less expensive to maintain.

     Product  Gross Margin.  The product gross margin increased to $17.1 million
for the six months ended December 31, 2002 from $12.3 million for the six months
ended December 31, 2001.  The gross margin as a percentage of sales increased to
54.5%  in  the  six  month  period ended December 31, 2002 from 47.8% in the six
month period ended December 31, 2001, due to increases in both VOD and real-time
product  margins  in  the  current  year  quarter.  VOD  product  gross  margins
increased to 52.3% in the six month period ended December 31, 2002 from 43.3% in
the  six  month  period ended December 31, 2001, due to improved efficiencies in
the  new  MediaHawk  model  3000  server and a favorable product mix.  Real-time
product  gross  margins increased to 59.2% for the six months ended December 31,
2002  from  54.6%  for  the six months ended December 31, 2001, primarily due to
strong  margins  on  both  hardware  and  software  product  sales.

     Service Gross Margin. The gross margin on service sales remained consistent
on  a  consolidated basis, increasing slightly to 40.1% for the six months ended
December  31, 2002 from 39.1% for the same period in 2001. This increase results
from  a  $1.3 million increase in VOD service revenue, bringing margins to 19.4%
during  the  six months ended December 31, 2002 compared to a negative margin of
76.2%  of  VOD  service  revenue  during  the same period in the prior year. VOD
service  margins  have  increased  as  the  Xstreme  division continues to build
revenue from its growing customer base that requires installation, training, and
technical  support  at a faster rate than the costs to support such services are
growing.  The  increase in VOD service margins was partially offset by a minimal
decline  in  real-time  service  margins  to  44.2%  during the six months ended
December  31,  2002  compared to 44.4% during the same period in the prior year.


                                      -18-
<PAGE>
     Sales  and  Marketing.  Sales  and  marketing  expenses  decreased  as  a
percentage  of  sales  to  21.7% for the six months ended December 31, 2002 from
22.8%  for  the six months ended December 31, 2001.  These expenses increased to
$9.2  million  during  the  six  month  period ended December 31, 2002 from $8.3
million  in  the  six  month  period  ended  December  31,  2001.  The Real-Time
division's  sales and marketing expenses increased $0.4 million due primarily to
a  $0.2  million  increase in salaries and benefits from additional personnel, a
$0.1  million  increase  in  trade  show and related travel expenses, and a $0.1
million  increase  in  severance  costs  associated with international personnel
reductions  in  the  six  months  ended  December  31,2002.  These  increases in
real-time  sales  and  marketing expense were partially offset by a $0.1 million
decrease  in commissions when compared to the same period in the prior year. The
Xstreme  division's  sales  and marketing expenses increased $0.5 million in the
six months ended December 31, 2002 compared to the same period in the prior year
due  to  $0.3  million  increase  in severance costs for international personnel
reductions, a $0.2 million increase in distributor commission expense related to
VOD  product  sales  to  one particular customer in the current period, and $0.1
million  of  additional  trade  show  and  travel  related  costs.

     Research  and Development. Research and development expenses increased as a
percentage  of  sales  to 21.3% for the six month period ended December 31, 2002
from  19.5%  for  the  six  month period ended December 31, 2001. These expenses
increased  $1.9  million  to  $9.0  million  during  the  six month period ended
December  31,  2002  from $7.1 million during the same period ended December 31,
2001.  The Real-Time division's research and development expenses increased $0.2
million during the six months ended December 31, 2002, when compared to the same
period in the prior year, due to personnel additions required for development of
the  Linux based real-time operating system. The Xstreme division also added new
development  staff  and utilized outside consultants to focus on new application
software  development  and  customer  specific  integration  activities.  These
additions  resulted  in  a $1.3 million increase in VOD research and development
expenses  in  the  six  months ended December 31, 2002 when compared to the same
period  in  the  prior  year.

     General  and  Administrative. General and administrative expenses decreased
as  a  percentage  of  sales to 10.9% for the six months ended December 31, 2002
from 11.2% during the same period in the prior year. These expenses increased to
$4.6  million  during  the  six  month  period ended December 31, 2002 from $4.1
million  during the same period ended December 31, 2001, primarily due to a $0.3
million  increase  in  corporate insurance costs. In addition, since late in the
quarter  ended  December  31,  2001,  Concurrent  has strengthened its legal and
investor  relations  departments  and,  during  the  fourth quarter of the prior
fiscal year, hired a new Xstreme division president, resulting in a $0.4 million
increase  in  general and administrative salaries and benefits in the six months
ended  December  31,  2002.

     Impairment  Loss on Minority Investment. Concurrent recorded a $2.9 million
impairment  charge  during  the  quarter  ended  December  31,  2002,  due to an
other-than-temporary  decline in the estimated market value of a minority equity
investment  in  Thirdspace.  The  impairment  of  this  investment is based upon
Thirdspace's  financial  condition  and  actual performance relative to expected
performance,  the  market conditions of the telecommunications sector, the state
of  the  economy and the reduced market value of Thirdspace.

     Income  Taxes.  Concurrent recorded income tax expense for its domestic and
foreign  subsidiaries  of $81,000 during the six month period ended December 31,
2002,  compared to $300,000 during the six month period ended December 31, 2001.
This  expense  is  primarily  attributable  to  pre-tax income earned in foreign
locations,  which  cannot  be  offset  by  net  operating  loss  carryforwards.

     Net  Loss. Concurrent recorded a net loss of $4.0 million or $0.7 per basic
and  diluted share for the six months ended December 31, 2002, compared to a net
loss  of  $3.0  million  or $0.05 per basic and diluted share for the six months
ended  December  31,  2001.

LIQUIDITY AND CAPITAL RESOURCES

     Concurrent's  liquidity  is  dependent  on  many  factors,  including sales
volume,  operating  profit  and  the  efficiency  of  asset  use  and  turnover.
Concurrent's future liquidity will be affected by, among other things:


                                      -19-
<PAGE>
     -    The  potential  decline  in  Real-Time  systems  and  service revenue;
     -    Revenue  from  VOD  systems  and  the pace at which MSOs implement VOD
          technology;
     -    Ongoing  cost  control  actions  and  expenses, including for example,
          research  and  development  and  capital  expenditures;
     -    The  margins  on  the  VOD  and  real-time  businesses;
     -    The  ability  to  raise  additional  capital,  if  necessary;
     -    Timing  of  product  shipments  which  occur primarily during the last
          month  of  the  quarter;
     -    The  percentage  of sales derived from outside the United States where
          there  are  generally  longer  accounts  receivable collection cycles;
     -    The  number  of  countries  in  which  Concurrent  operates, which may
          require  maintenance  of  minimum  cash levels in each country and, in
          certain  cases,  may  restrict  the repatriation of cash, such as cash
          held  on  deposit  to  secure  office  leases;  and
     -    The potential change in the fair market value of Concurrent's minority
          equity investments and notes receivable from a minority owned company.

     Concurrent  provided  cash of $5.1 million from operating activities during
the  six  months  ended December 31, 2002 compared to using cash of $6.2 million
during  the  six  months ended December 31, 2001, primarily due to the timing of
accounts receivable collections, but also due to the Xstreme division generating
a  much smaller $1.0 million operating loss during the six months ended December
31,  2002  compared  to the $3.8 million operating loss generated by the Xstreme
division  during the six months ended December 31, 2001. Concurrent's previously
available  $5  million  revolving  credit  facility  with  Wachovia Bank expired
December  31,  2002.  Concurrent  has elected not to renew or extend this credit
facility  beyond  its  December  31,  2002  expiration  date.

     Concurrent  invested  $3.0  million in property, plant and equipment during
the  six  months ended December 31, 2002 compared to $2.3 million during the six
months  ended  December  31,  2001.  Current  year  capital  expenditures relate
primarily  to  leasehold  improvements,  product  development,  testing  and
demonstration  equipment for Concurrent's Xstreme division. Concurrent completed
its  obligation  of  providing  an  additional  $3 million loan to Thirdspace in
September  of  2002. This note has a four year term and bears interest at 8% per
annum.

     Concurrent  received $24.0 million in net proceeds from a private placement
of  5.4  million  shares  of  common  stock on July 19, 2001, such shares having
subsequently  been  registered  with the Securities and Exchange Commission in a
filing  on  Form  S-3.  In addition, Concurrent received $8,000 and $3.3 million
from the issuance of common stock to employees and directors who exercised stock
options  during  the  six  month  periods  ended  December  31,  2002  and 2001,
respectively.

     At  December  31, 2002, Concurrent had working capital of $39.9 million and
had  no  material commitments for capital expenditures. Management of Concurrent
believes  that the existing cash balances and funds generated by operations will
be  sufficient  to  meet the anticipated working capital and capital expenditure
requirements  for  the  next  12  months.

     Included  in  deferred  revenue  are billings for maintenance contracts and
billings  for  products  that  are pending completion of the revenue recognition
process.  Maintenance  revenue,  whether  bundled  with  the  product  or priced
separately,  is recognized ratably over the maintenance period.  At December 31,
2002, deferred revenue includes billings to certain customers who agreed to make
progress  payments  for  systems that had not yet been completed and revenue had
not  yet  been  recognized.

     Concurrent  maintains  pension  plans  for  certain  employees  and  former
employees  in  the  United Kingdom and Germany. The projected benefit obligation
for  the  benefit  plans  at  June  30,  2002 and June 30, 2001 as determined in
accordance  with  FAS  No.  87,  "Employers  Accounting for Pensions", was $17.0
million  and $15.4 million , respectively, and the value of the plans assets was
$12.0  million  and  $12.4  million,  respectively.  As a result, the plans were
underfunded  by  $5.0  million  at June 30, 2002 and by $2.9 million at June 30,
2001. Since June 30, 2002, the value of the plan assets has continued to decline
to  $11.3  million  at  December 31, 2002. Due to the decline in the fair market
value  of  the  plans'  assets,  it  is  likely  that the amount of Concurrent's


                                      -20-
<PAGE>
contributions to the plans will increase from the $320,000 of contributions made
in  fiscal  2002.  In  addition,  management  expects  the  pension  cost  to be
recognized  in  the  financial  statements  will  increase  from  the  $465,000
recognized  in  fiscal  2002  to approximately $800,000 in fiscal 2003, of which
approximately $400,000 was recognized in the six months ended December 31, 2002.
The expense to be recognized in future periods could increase further, depending
upon  the  amount  of the change in the fair market value of the plan assets and
the  change  in  the  projected  benefit  obligation.

     As a result of the overall decline in market interest rates, Concurrent may
decide  it  is  necessary to use a lower discount rate in the calculation of its
projected benefit obligation. The use of a lower discount rate combined with the
decrease in the market value of plan assets is likely to cause the amount of the
underfunded  status  to  increase.  Though management has not yet determined the
exact  amount of such underfunding, after completion of the actuarial valuations
in  the fourth quarter of fiscal 2003, Concurrent could be required to record an
additional  reduction to stockholders' equity. Concurrent recorded reductions to
stockholders'  equity in fiscal 2002 and 2001 amounting to $1.6 million and $2.8
million,  respectively.  However,  management  does  not  currently  believe the
underfunded  status  of  the  pension  plans will materially affect Concurrent's
results  of  operations,  financial  position or cash flows. Moreover, given the
impact that the discount rate and stock market performance have on the projected
benefit obligation and market value of plan assets, future changes in either one
of  these  may  reduce  our  pension  plan  underfunding.

CONTRACTUAL OBLIGATIONS AND COMMERCIAL COMMITMENTS

     Concurrent's  only  significant  contractual  obligations  and  commitments
relate  to  certain  operating  leases  for  sales,  service  and  manufacturing
facilities  in  the  United  States,  Europe  and  Asia.

              CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

     Certain statements made or incorporated by reference in this report on Form
10-Q  may  constitute  "forward-looking  statements"  within  the meaning of the
federal  securities  laws.  When  used  or  incorporated  by  reference  in this
prospectus, the words "believes," "expects," "estimates" and similar expressions
are  intended  to  identify  forward-looking  statements.  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 Concurrent's financial condition or results
of  operations  include,  without  limitation:

     -    availability  of  video-on-demand  content;
     -    delays  or  cancellations  of  customer  orders;
     -    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  our  ability  and  the  ability  of other
          companies  to  enforce  their  intellectual  property  rights;
     -    the  pricing and availability of equipment, materials and inventories;
     -    the  limited  operating  history  of  our  video-on-demand  segment;
     -    the  concentration  of  our  customers;
     -    failure  to  effectively  manage  growth;
     -    delays  in  testing  and  introductions  of  new  products;
     -    rapid  technology  changes;
     -    demand  shifts  from  high-priced,  proprietary  real-time  systems to
          low-priced,  open  server  systems;
     -    system  errors  or  failures;
     -    reliance  on  a  limited  number  of  suppliers;


                                      -21-
<PAGE>
     -    uncertainties  associated  with  international  business  activities,
          including  foreign  regulations,  trade  controls, taxes, and currency
          fluctuations;
     -    the  highly  competitive  environment  in  which  we  operate;
     -    failure  to  effectively  service  the  installed  base;
     -    the  entry  of  new well-capitalized competitors into our markets; and
     -    the  valuation  of  equity  investments  and  collectibility  of notes
          receivable,  including  but  not  limited  to  our  equity  and  debt
          investment  in  Thirdspace.

     Other  important  risk  factors  are discussed in our Annual Report on Form
10-K  for  the  fiscal  year  ended  June  30,  2002.

     Our  forward-looking statements are based on current expectations and speak
only  as  of the date of such statements. Concurrent undertakes no obligation to
publicly  update or revise any forward-looking statement, whether as a result of
future  events,  new  information  or  otherwise.

ITEM 3.   QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK

     Concurrent  is  exposed  to  market risk from changes in interest rates and
foreign  currency  exchange  rates.  Concurrent  is  exposed  to  the  impact of
interest  rate  changes  on its short-term cash investments, which are backed by
U.S.  government  obligations,  and other investments in respect of institutions
with the highest credit ratings, all of which have maturities of three months or
less.  These  short-term  investments  carry  a  degree  of  interest rate risk.
Concurrent  believes  that  the  impact of a 10% increase or decline in interest
rates  would  not  be  material  to  the  financial  statements.

     Concurrent conducts business in the United States and around the world. The
most  significant  foreign  currency  transaction exposures relate to the United
Kingdom,  those  Western  European  countries  that  use  the  Euro  as a common
currency,  Australia,  and Japan. Concurrent does not hedge against fluctuations
in  exchange  rates  and  believes  that  a  hypothetical 10% upward or downward
fluctuation  in  foreign  currency  exchange rates relative to the United States
dollar would not have a material impact on future earnings, fair values, or cash
flows.

ITEM 4.   CONTROLS AND PROCEDURES

     As required by SEC rules, Concurrent has evaluated the effectiveness of the
design and operation of its disclosure controls and procedures within 90 days of
the  filing date of this quarterly report. This evaluation was carried out under
the  supervision  and  with  the  participation of our management, including our
principal  executive  officer  and  principal  financial officer.  Based on this
evaluation,  these  officers  have  concluded  that  the design and operation of
Concurrent's  disclosure  controls  and procedures are effective.  There were no
significant  changes  to Concurrent's internal controls or in other factors that
could  significantly  affect  internal  controls subsequent to the date of their
evaluation.

     Disclosure  controls  and  procedures  are  Concurrent's controls and other
procedures that are designed to ensure that information required to be disclosed
by  Concurrent  in  the reports that we file or submit under the Exchange Act is
recorded,  processed, summarized and reported, within the time periods specified
in  the  SEC's  rules  and  forms.  Disclosure  controls and procedures include,
without  limitation, controls and procedures designed to ensure that information
required  to  be  disclosed  by  Concurrent in the reports that Concurrent files
under  the  Exchange  Act  is  accumulated  and  communicated to our management,
including  Concurrent's  principal  executive  officer  and  principal financial
officer,  as  appropriate,  to  allow  timely  decisions  regarding  required
disclosure.


                                      -22-
<PAGE>
PART II   OTHER INFORMATION

ITEM 1.   LEGAL PROCEEDINGS

     From  time  to  time,  Concurrent may be involved in litigation relating to
claims  arising  out  of  its  ordinary  course  of business.  Concurrent is not
presently  involved  in  any  material litigation, but has the following matters
pending:

     -    SeaChange  International,  Inc. v. Putterman, et al, Arkansas Court of
          ---------------------------------------------------
          Appeals,  Case  No.  CA  01-1126.  The suit was filed on June 14, 1999
          alleging  that  Concurrent  defamed  SeaChange  International,  Inc.
          ("SeaChange").  On  June  14,  2000, Concurrent counterclaimed against
          SeaChange  alleging  that  SeaChange defamed Concurrent. On January 4,
          2001,  the  court  granted  Concurrent's  motion to dismiss all claims
          against it. SeaChange subsequently appealed and the appeal was granted
          on  October  2,  2002.  Concurrent  filed a Petition for Review of the
          appellate  court  ruling  with the Supreme Court of Arkansas which was
          denied  on  November  14,  2002.

     -    Eason  v.  Concurrent  Computer  Corp,  et al., Superior  Court of New
          ----------------------------------------------
          Jersey,  Case  Mon-L-3284-94. This suit arose out of a personal injury
          claim  filed  in  1994 alleging that plaintiff was injured when a lamp
          post in Concurrent's parking lot fell. The case against Concurrent was
          dismissed  in  1995,  but  in  2000 the plaintiff amended the cause of
          action and refiled against Concurrent alleging spoliation of evidence.
          The  plaintiff  obtained  a  default judgment for $119,800 in December
          2001, which was vacated in August 2002. Plaintiff subsequently refiled
          and  Concurrent  sought  to have the matter dismissed. On February 10,
          2003, Concurrent prevailed on its summary judgment motion and the case
          was  dismissed.

     Concurrent  is  involved in various other legal proceedings.  Management of
Concurrent believes that any liability to Concurrent which may arise as a result
of  these  proceedings,  including the proceedings specifically discussed above,
will  not  have  a  material adverse effect on Concurrent's financial condition.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits:

     3.1  -    Restated  Certificate  of  Incorporation  of  the  Registrant
               (incorporated  by  reference  to  the  Registrant's  Registration
               Statement  on  Form  S-2  (No.  33-62440)).

     3.2  -    Amended  and  Restated  Bylaws of the Registrant (incorporated by
               reference  to  the Registrant's Quarterly Report on Form 10-Q for
               the  fiscal  quarter  ended  December  28,  1996).

     3.3  -    Certificate  of  Correction  to  Restated  Certificate  of
               Incorporation of the Registrant (incorporated by reference to the
               Registrant's Annual Report on Form 10-K for the fiscal year ended
               June  30,  2002).

     3.4  -    Amended  Certificate  of  Designations  of Series A Participating
               Cumulative Preferred Stock (incorporated by reference to the Form
               8-A/A,  dated  August  9,  2002).

     3.5  -    Amendment  to  Amended  Certificate  of  Designations of Series A
               Participating  Cumulative  Preferred  Stock  (incorporated  by
               reference  to  the  Form  8-A/A,  dated  August  9,  2002).

     4.1  -    Form  of  Common  Stock Certificate (incorporated by reference to
               the  Registrant's  Annual Report on Form 10-K for the fiscal year
               ended  June  30,1992).

     4.2  -    Form  of  Rights  Certificate  (incorporated  by reference to the
               Registrant's Current Report on Form 8-K/A filed August 12, 2002).

     4.3  -    Amended  and Restated Rights Agreement dated as of August 7, 2002
               between  the  Registrant  and  American  Stock  Transfer  & Trust
               Company,  as  Rights  Agent  (incorporated  by  reference  to the
               Registrant's  Current  Report  on  Form 8-K/A filed on August 12,
               2002).


                                      -23-
<PAGE>
     11.1*-    Statement  Regarding  Composition  of  Per  Share  Earnings.

     99.1 -    Certification  of  Chief Executive Officer, pursuant to 18 U.S.C.
               Section  1350,  as  adopted  pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act  of  2002.

     99.2 -    Certification  of  Chief Financial Officer, pursuant to 18 U.S.C.
               Section  1350,  as  adopted  pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act  of  2002.

     *Data  required  by  Statement  of  Financial Accounting Standards No. 128,
     "Earnings  per  Share,"  is  provided  in  the  Notes  to  the  condensed
     consolidated  financial  statements  in  this  report.

(b)  Reports on Form 8-K.

     The  following  reports on Form 8-K were filed during the period covered by
     this  report:

          -    Current  Report on Form 8-K filed on October 29, 2002 relating to
               financial  results  for  the  quarter  ended  September 30, 2002.


                                      -24-
<PAGE>
                                  SIGNATURES


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has duly caused this quarterly report for the quarter ended December
31,  2002  to  be  signed  on  its  behalf  by  the  undersigned  thereunto duly
authorized.


Date:  February 13, 2003           CONCURRENT COMPUTER CORPORATION




                                    By:  /s/ Steven R. Norton
                                       -----------------------------------------
                                       Steven R. Norton
                                       Executive Vice President, Chief Financial
                                       Officer and Secretary
                                       (Principal Financial and Accounting
                                       Officer, Authorized Officer)


                                      -25-
<PAGE>
                                 CERTIFICATIONS
                                 --------------

I, Jack A. Bryant, certify that:

     1.   I  have  reviewed  this  quarterly  report  on Form 10-Q of Concurrent
          Computer  Corporation;

     2.   Based  on  my  knowledge,  this  quarterly report does not contain any
          untrue  statement  of a material fact or omit to state a material fact
          necessary  to  make the statements made, in light of the circumstances
          under  which such statements were made, not misleading with respect to
          the  period  covered  by  this  quarterly  report;

     3.   Based  on  my knowledge, the financial statements, and other financial
          information  included  in this quarterly report, fairly present in all
          material  respects  the financial condition, results of operations and
          cash  flows of the registrant as of, and for, the periods presented in
          this  quarterly  report;

     4.   The  registrant's  other  certifying officer and I are responsible for
          establishing  and  maintaining  disclosure controls and procedures (as
          defined  in  Exchange  Act Rules 13a-14 and 15d-14) for the registrant
          and  we  have:

          a)   designed  such  disclosure controls and procedures to ensure that
          material  information  relating  to  the  registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

          b)   evaluated  the  effectiveness  of  the  registrant's  disclosure
          controls  and  procedures  as  of  a  date within 90 days prior to the
          filing  date  of  this  quarterly  report (the "Evaluation Date"); and

          c)   presented  in  this  quarterly  report  our conclusions about the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

     5.   The  registrant's other certifying officer and I have disclosed, based
          on  our  most  recent evaluation, to the registrant's auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing  the  equivalent  function):

          a)   all  significant  deficiencies  in  the  design  or  operation of
          internal  controls  which  could  adversely  affect  the  registrant's
          ability  to  record,  process, summarize and report financial data and
          have  identified for the registrant's auditors any material weaknesses
          in  internal  controls;  and

          b)   any  fraud,  whether or not material, that involves management or
          other  employees  who  have  a  significant  role  in the registrant's
          internal  controls;  and

     6.   The registrant's other certifying officer and I have indicated in this
          quarterly  report  whether  or  not  there were significant changes in
          internal  controls or in other factors that could significantly affect
          internal  controls  subsequent  to  the  date  of  our  most  recent
          evaluation,  including  any  corrective  actions  with  regard  to
          significant  deficiencies  and  material  weaknesses.

Date:  February 13, 2003

                                   /s/ Jack A. Bryant
                                   ---------------------------------------------
                                   Name:  Jack A. Bryant
                                   Title:  President and Chief Executive Officer


                                      -26-
<PAGE>
I, Steven R. Norton, certify that:

     1.   I  have  reviewed  this  quarterly  report  on Form 10-Q of Concurrent
          Computer  Corporation;

     2.   Based  on  my  knowledge,  this  quarterly report does not contain any
          untrue  statement  of a material fact or omit to state a material fact
          necessary  to  make the statements made, in light of the circumstances
          under  which such statements were made, not misleading with respect to
          the  period  covered  by  this  quarterly  report;

     3.   Based  on  my knowledge, the financial statements, and other financial
          information  included  in this quarterly report, fairly present in all
          material  respects  the financial condition, results of operations and
          cash  flows of the registrant as of, and for, the periods presented in
          this  quarterly  report;

     4.   The  registrant's  other  certifying officer and I are responsible for
          establishing  and  maintaining  disclosure controls and procedures (as
          defined  in  Exchange  Act Rules 13a-14 and 15d-14) for the registrant
          and  we  have:

          a)   designed  such  disclosure controls and procedures to ensure that
          material  information  relating  to  the  registrant,  including  its
          consolidated  subsidiaries, is made known to us by others within those
          entities,  particularly  during  the  period  in  which this quarterly
          report  is  being  prepared;

          b)   evaluated  the  effectiveness  of  the  registrant's  disclosure
          controls  and  procedures  as  of  a  date within 90 days prior to the
          filing  date  of  this  quarterly  report (the "Evaluation Date"); and

          c)   presented  in  this  quarterly  report  our conclusions about the
          effectiveness  of  the disclosure controls and procedures based on our
          evaluation  as  of  the  Evaluation  Date;

     5.   The  registrant's other certifying officer and I have disclosed, based
          on  our  most  recent evaluation, to the registrant's auditors and the
          audit  committee  of  registrant's  board  of  directors  (or  persons
          performing  the  equivalent  function):

          a)   all  significant  deficiencies  in  the  design  or  operation of
          internal  controls  which  could  adversely  affect  the  registrant's
          ability  to  record,  process, summarize and report financial data and
          have  identified for the registrant's auditors any material weaknesses
          in  internal  controls;  and

          b)   any  fraud,  whether or not material, that involves management or
          other  employees  who  have  a  significant  role  in the registrant's
          internal  controls;  and

     6.   The registrant's other certifying officer and I have indicated in this
          quarterly  report  whether  or  not  there were significant changes in
          internal  controls or in other factors that could significantly affect
          internal  controls  subsequent  to  the  date  of  our  most  recent
          evaluation,  including  any  corrective  actions  with  regard  to
          significant  deficiencies  and  material  weaknesses.

Date:  February 13, 2003

                                 /s/ Steven R. Norton
                               -------------------------------------------------
                               Name:  Steven R. Norton
                               Title:  Executive Vice President, Chief Financial
                               Officer and Secretary


                                      -27-
<PAGE>
                                  EXHIBIT INDEX
                                  -------------


     3.1  -    Restated  Certificate  of  Incorporation  of  the  Registrant
               (incorporated  by  reference  to  the  Registrant's  Registration
               Statement  on  Form  S-2  (No.  33-62440)).

     3.2  -    Amended  and  Restated  Bylaws of the Registrant (incorporated by
               reference  to  the Registrant's Quarterly Report on Form 10-Q for
               the  fiscal  quarter  ended  December  28,  1996).

     3.3  -    Certificate  of  Correction  to  Restated  Certificate  of
               Incorporation of the Registrant (incorporated by reference to the
               Registrant's Annual Report on Form 10-K for the fiscal year ended
               June  30,  2002).

     3.4  -    Amended  Certificate  of  Designations  of Series A Participating
               Cumulative Preferred Stock (incorporated by reference to the Form
               8-A/A,  dated  August  9,  2002).

     3.5  -    Amendment  to  Amended  Certificate  of  Designations of Series A
               Participating  Cumulative  Preferred  Stock  (incorporated  by
               reference  to  the  Form  8-A/A,  dated  August  9,  2002).

     4.1  -    Form  of  Common  Stock Certificate (incorporated by reference to
               the  Registrant's  Annual Report on Form 10-K for the fiscal year
               ended  June  30,1992).

     4.2  -    Form  of  Rights  Certificate  (incorporated  by reference to the
               Registrant's Current Report on Form 8-K/A filed August 12, 2002).

     4.3  -    Amended  and Restated Rights Agreement dated as of August 7, 2002
               between  the  Registrant  and  American  Stock  Transfer  & Trust
               Company,  as  Rights  Agent  (incorporated  by  reference  to the
               Registrant's  Current  Report  on  Form 8-K/A filed on August 12,
               2002).

     11.1*-    Statement  Regarding  Composition  of  Per  Share  Earnings.

     99.1 -    Certification  of  Chief Executive Officer, pursuant to 18 U.S.C.
               Section  1350,  as  adopted  pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act  of  2002.

     99.2 -    Certification  of  Chief Financial Officer, pursuant to 18 U.S.C.
               Section  1350,  as  adopted  pursuant  to  Section  906  of  the
               Sarbanes-Oxley  Act  of  2002.

     *Data  required  by  Statement  of  Financial Accounting Standards No. 128,
     "Earnings  per  Share,"  is  provided  in  the  Notes  to  the  condensed
     consolidated  financial  statements  in  this  report.


                                      -28-
<PAGE>