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 March 31, 2003

                                       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
                                   ---        ---
Indicate by a check mark whether the registrant is an accelerated filer (as
defined in Rule 12b-2 of the Exchange Act).
                               Yes  X      No
                                   ---        ---

Number of shares of the Registrant's Common Stock, par value $0.01 per share,
outstanding as of May 02, 2003 was 62,083,981.


<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    NINE MONTHS ENDED
                                              MARCH 31,            MARCH 31,
                                           2003       2002      2003       2002
                                         ---------  --------  ---------  --------
<S>                                      <C>        <C>       <C>        <C>
Revenues:
  Product:
    Real-time systems                    $  5,027   $ 5,647   $ 14,998   $15,845
    Video-on-demand systems                 7,631    14,319     28,959    29,783
                                         ---------  --------  ---------  --------
      Total product revenues               12,658    19,966     43,957    45,628
  Service:
    Real-time systems                       4,169     4,805     13,332    15,252
    Video-on-demand systems                   821       257      2,634       731
                                         ---------  --------  ---------  --------
      Total service revenues                4,990     5,062     15,966    15,983
                                         ---------  --------  ---------  --------
      Total revenues                       17,648    25,028     59,923    61,611

Cost of sales:
  Product:
    Real-time systems                       1,926     2,054      5,990     6,682
    Video-on-demand systems                 4,308     6,822     14,485    15,589
                                         ---------  --------  ---------  --------
      Total product cost of sales           6,234     8,876     20,475    22,271
  Service:
    Real-time systems                       2,725     2,838      7,835     8,651
    Video-on-demand systems                   754       553      2,216     1,388
                                         ---------  --------  ---------  --------
      Total service cost of sales           3,479     3,391     10,051    10,039
                                         ---------  --------  ---------  --------
      Total cost of sales                   9,713    12,267     30,526    32,310
                                         ---------  --------  ---------  --------

Gross margin                                7,935    12,761     29,397    29,301

Operating expenses:
  Sales and marketing                       4,287     4,198     13,449    12,526
  Research and development                  4,991     3,861     14,015    10,977
  General and administrative                2,381     2,341      6,976     6,439
                                         ---------  --------  ---------  --------
      Total operating expenses             11,659    10,400     34,440    29,942
                                         ---------  --------  ---------  --------

Operating income (loss)                    (3,724)    2,361     (5,043)     (641)

Impairment loss on minority investment    (10,479)        -    (13,422)        -
Interest income - net                         109       154        407       561
Other expense - net                           (94)      (61)       (94)     (120)
                                         ---------  --------  ---------  --------

Income (loss) before income taxes         (14,188)    2,454    (18,152)     (200)

Provision for income taxes                     72       150        153       450
                                         ---------  --------  ---------  --------

Net income (loss)                        $(14,260)  $ 2,304   $(18,305)  $  (650)
                                         =========  ========  =========  ========

Net income (loss) per share
      Basic                              $  (0.23)  $  0.04   $  (0.30)  $ (0.01)
                                         =========  ========  =========  ========
      Diluted                            $  (0.23)  $  0.04   $  (0.30)  $ (0.01)
                                         =========  ========  =========  ========

   THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                            FINANCIAL STATEMENTS.
</TABLE>


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


                                                MARCH 31,    JUNE 30,
                                                  2003         2002
                                               -----------  ----------
<S>                                            <C>          <C>
         ASSETS
Current assets:
  Cash and cash equivalents                    $   30,227   $  30,519
  Accounts receivable - net                        14,962      23,894
  Inventories                                       6,750       6,822
  Deferred tax asset                                  870         870
  Prepaid expenses and other current assets         1,542       1,009
                                               -----------  ----------
    Total current assets                           54,351      63,114

Property, plant and equipment - net                11,900      10,696
Purchased developed computer software - net         1,251       1,393
Goodwill                                           10,744      10,744
Investment in minority owned company                  553       7,814
Note receivable from minority owned companies           -       3,000
Deferred tax asset                                  1,087       1,087
Other long-term assets - net                        1,338         840
                                               -----------  ----------
    Total assets                               $   81,224   $  98,688
                                               ===========  ==========

         LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
  Accounts payable and accrued expenses        $   10,593   $  15,514
  Deferred revenue                                  7,377       4,055
                                               -----------  ----------
    Total current liabilities                      17,970      19,569

Long-term liabilities:
  Deferred revenue                                  2,243       1,677
  Deferred tax liability                            1,778       1,634
  Other                                             7,219       6,584
                                               -----------  ----------
    Total liabilities                              29,210      29,464

Stockholders' equity:
  Common stock                                        620         618
  Capital in excess of par value                  173,751     172,929
  Accumulated deficit                            (116,682)    (98,377)
  Treasury stock                                      (58)        (58)
  Accumulated other comprehensive loss             (5,617)     (5,888)
                                               -----------  ----------
    Total stockholders' equity                     52,014      69,224
                                               -----------  ----------

Total liabilities and stockholders' equity     $   81,224   $  98,688
                                               ===========  ==========

THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                           FINANCIAL STATEMENTS.
</TABLE>


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

                                                                  NINE MONTHS ENDED
                                                                      MARCH 31,
                                                                   2003       2002
                                                                 ---------  ---------
<S>                                                              <C>        <C>
OPERATING ACTIVITIES
Net loss                                                         $(18,305)  $   (650)
Adjustments to reconcile net loss to net
  cash provided by (used in) operating activities:
     Accrual of non-cash warrants                                     295      1,751
     Depreciation and amortization                                  3,535      3,713
     Impairment loss on minority investment and related note       13,422          -
     Other non cash expenses                                          126        837
     Changes in operating assets and liabilities:
        Accounts receivable                                         8,924     (8,628)
        Inventories                                                   (30)    (1,598)
        Prepaid expenses and other current assets                    (533)      (164)
        Other long-term assets                                       (692)       (11)
        Accounts payable and accrued expenses                      (4,921)       646
        Short-term deferred revenue                                 3,322        265
        Long-term liabilities                                       1,408       (435)
                                                                 ---------  ---------
   Total adjustments to net loss                                   24,856     (3,624)
                                                                 ---------  ---------
Net cash provided by (used in) operating activities                 6,551     (4,274)

INVESTING ACTIVITIES
  Net additions to property, plant and equipment                   (4,471)    (3,260)
  Investment in minority owned company                                  -     (4,000)
  Note receivable from minority owned company                      (3,000)    (3,000)
  Other                                                               (29)         -
                                                                 ---------  ---------
Net cash used in investing activities                              (7,500)   (10,260)

FINANCING ACTIVITIES
  Net repayment of capital lease obligation                           (63)       (58)
  Proceeds from sale and issuance of common stock                     546     27,486
                                                                 ---------  ---------
Net cash provided by financing activities                             483     27,428

Effect of exchange rates on cash and cash equivalents                 174         54

Increase (decrease) in cash and cash equivalents                     (292)    12,948
Cash and cash equivalents at beginning of period                   30,519      9,460
                                                                 ---------  ---------
Cash and cash equivalents at end of period                       $ 30,227   $ 22,408
                                                                 =========  =========

Cash paid during the period for:
  Interest                                                       $     13   $     52
                                                                 =========  =========
  Income taxes (net of refunds)                                  $    290   $    353
                                                                 =========  =========

Non-cash investing/financing activities:
  Common stock issued for investment in minority owned company   $      -   $  3,000
                                                                 =========  =========

     THE ACCOMPANYING NOTES ARE AN INTEGRAL PART OF THE CONDENSED CONSOLIDATED
                              FINANCIAL STATEMENTS.
</TABLE>


                                      -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 period.
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 5,996,000 and 3,756,000 for the three
month  periods  ended  March 31, 2003 and 2002, respectively, were excluded from
the  calculation  as their effect was antidilutive.  Common share equivalents of
6,107,000  and  7,248,000  for  the  nine month periods ended March 31, 2003 and
2002,  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  net  income (loss) per share for the
periods  indicated:

<TABLE>
<CAPTION>
                                            THREE MONTHS ENDED    NINE MONTHS ENDED
                                             MARCH 31, 2003        MARCH 31, 2003
                                            BASIC     DILUTED     BASIC     DILUTED
                                          ---------  ---------  ---------  ---------
<S>                                       <C>        <C>        <C>        <C>
Average outstanding shares                  61,975     61,975     61,899     61,899
Dilutive effect of options and warrants          -          -          -          -
                                          ---------  ---------  ---------  ---------
Equivalent shares                           61,975     61,975     61,899     61,899
                                          =========  =========  =========  =========

Net loss                                  $(14,260)  $(14,260)  $(18,305)  $(18,305)
                                          =========  =========  =========  =========
Loss per share                            $  (0.23)  $  (0.23)  $  (0.30)  $  (0.30)
                                          =========  =========  =========  =========

                                            THREE MONTHS ENDED    NINE MONTHS ENDED
                                             MARCH 31, 2002        MARCH 31, 2002
                                            BASIC     DILUTED     BASIC     DILUTED
                                          ---------  ---------  ---------  ---------
Average outstanding shares                  61,560     61,560     60,712     60,712
Dilutive effect of options and warrants          -      3,207          -          -
                                          ---------  ---------  ---------  ---------
Equivalent shares                           61,560     64,767     60,712     60,712
                                          =========  =========  =========  =========

Net income (loss)                         $  2,304   $  2,304   $   (650)  $   (650)
                                          =========  =========  =========  =========
Income (loss) per share                   $   0.04   $   0.04   $  (0.01)  $  (0.01)
                                          =========  =========  =========  =========
</TABLE>


                                      -4-
<PAGE>
3.   STOCK-BASED COMPENSATION

     At  March 31, 2003, Concurrent had stock-based employee compensation plans,
which  are  described  in Note 17 in our annual report on Form 10-K for the year
ended June 30, 2002.  The company accounts for these plans under the recognition
and  measurement  principles  of  Accounting  Principles  Board  Opinion No. 25,
"Accounting  for  Stock  Issued  to  Employees", and related interpretations. No
stock-based  employee  compensation  is  reflected  in net income (loss), as all
options  granted  under  those  plans  had an exercise price equal to the market
value  of  the  underlying  stock  on  the  grant date.  In accordance with SFAS
Statement  No.  148,  "Accounting  for  Stock  Based Compensation-Transition and
Disclosure-An  amendment  of  FASB  Statement  No.  123",  the  following  table
illustrates the effect on net income (loss) and earnings (loss) per share if the
company  had applied the fair value recognition provisions of SFAS Statement No.
123,  "Accounting  for  Stock-Based  Compensation",  to  stock-based  employee
compensation:

<TABLE>
<CAPTION>
                                                      THREE MONTHS ENDED    NINE MONTHS ENDED
                                                           MARCH 31,            MARCH 31,
                                                        2003       2002      2003       2002
                                                      ---------  --------  ---------  --------
<S>                                                   <C>        <C>       <C>        <C>
Net income (loss) as reported                         $(14,260)  $ 2,304   $(18,305)  $  (650)

  Deduct: Total stock-based employee compensation
    expense determined under the fair value method,
    net of related taxes                                (1,480)   (2,024)    (5,017)   (6,483)
                                                      ---------  --------  ---------  --------

  Pro forma net income (loss)                         $(15,740)  $   280   $(23,322)  $(7,133)
                                                      =========  ========  =========  ========

Earnings (loss) per share:
  Basic-as reported                                   $  (0.23)  $  0.04   $  (0.30)  $ (0.01)
                                                      =========  ========  =========  ========
  Basic-pro forma                                     $  (0.25)  $  0.00   $  (0.38)  $ (0.12)
                                                      =========  ========  =========  ========
  Diluted-as reported                                 $  (0.23)  $  0.04   $  (0.30)  $ (0.01)
                                                      =========  ========  =========  ========
  Diluted-pro forma                                   $  (0.25)  $  0.00   $  (0.38)  $ (0.12)
                                                      =========  ========  =========  ========
</TABLE>

4.   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.


                                      -5-
<PAGE>
5.   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:


<TABLE>
<CAPTION>
     (DOLLARS IN THOUSANDS)

                         MARCH 31,   JUNE 30,
                            2003       2002
                         ----------  ---------
<S>                      <C>         <C>
     Raw materials, net  $    3,919  $   5,030
     Work-in-process          1,124      1,633
     Finished goods           1,707        159
                         ----------  ---------
                         $    6,750  $   6,822
                         ==========  =========
</TABLE>

6.   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 and as a result,
the  total  equity investment in Thirdspace was $7.3 million.  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.

     In  addition to the equity investment, 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 and second notes became convertible on September 19, 2002 and March 3,
2003,  respectively.  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 March 31, 2003.
Other  than  the  prior lien on Thirdspace's intellectual property, Concurrent's
security  interest  ranks  ratably  with those of other secured creditors. As of
March  31,  2003, Thirdspace had an aggregate of $1.6 million of additional debt
that  ranks  ratably with Concurrent's indebtedness. Thirdspace has not yet made
any  interest  payments. As of March 31, 2003, Concurrent has no further funding
requirements  or  commitments  related  to  this  transaction  with  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",
respectively.  In  light  of  that  review,  Concurrent  has determined that 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


                                      -6-
<PAGE>
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.  Although the fair market
value  of the Thirdspace Series C common stock and the Thirdspace warrant is not
readily  determinable, Concurrent 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 as a result recorded a $2.9
million  impairment  charge against the investment in Thirdspace for the quarter
ended  December  31,  2002.  In  the  quarter  ended  March 31, 2003, Concurrent
performed  an  additional  valuation  assessment  and  as  a  result recorded an
additional impairment charge of $4.4 million for the remaining equity investment
in  Thirdspace.  A  total of $7.3 million has been charged for the impairment of
the  equity  investment  in Thirdspace for the nine months ended March 31, 2003.
Concurrent  also believes that the Thirdspace warrants no longer have any value.

     During  the  three  months  ended  March  31, 2003, Concurrent's management
evaluated  the likelihood of collecting the notes receivable and related accrued
interest  based on the factors above regarding Thirdspace's financial condition,
and  has  determined that the probability of collecting the notes receivable and
accrued  interest  is highly unlikely.  As a result, Concurrent wrote off the $6
million  notes  and  accrued  interest  of  $149,000.  Although Concurrent has a
security interest in all of the assets of Thirdspace, Concurrent believes in the
event  of liquidation of Thirdspace that the prior lien securing $3.8 million of
indebtedness  at  March  31,  2003,  would  not leave sufficient assets to allow
Concurrent  to recover any amount owed to it from Thirdspace.  Also in the event
of a sale of Thirdspace, Concurrent believes that substantial concessions on the
part  of  Concurrent  would  be  necessary  as  a  prerequisite  to  closing  a
transaction,  including  a  substantial  reduction  in  the  amount of the note,
reduction  in  interest  rate,  extension  of  due  date  and elimination of the
security  interest  in  the  assets  of  Thirdspace.  Therefore,  the  ultimate
collectibility  of  the  notes  receivable  in  any  scenario  is  unlikely.

     Concurrent  is  accounting  for  its  investment  in  the  common stock and
warrants  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. Any impairment losses that are
other  than  temporary  are  charged  through  the  Consolidated  Statement  of
Operations.

     In  the  ordinary  course  of  business,  Concurrent  sells  equipment  to
Thirdspace.  During the three month and nine month periods ended March 31, 2003,
Concurrent  sold $60,000 and $136,000 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 nine month periods ended
March  31, 2003, Concurrent purchased $225,000 and $863,000 of contract software
development  services,  respectively,  from  Everstream.


                                      -7-
<PAGE>
7.   ACCOUNTS  PAYABLE  AND  ACCRUED  EXPENSES

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

<TABLE>
<CAPTION>
     (DOLLARS IN THOUSANDS)

                                    MARCH 31,   JUNE 30,
                                       2003       2002
                                    ----------  ---------
<S>                                 <C>         <C>
     Accounts payable, trade        $    2,603  $   5,351
     Accrued payroll, vacation and
       other employee expenses           4,283      5,872
     Warranty accrual                    2,133      2,272
     Other accrued expenses              1,574      2,019
                                    ----------  ---------
                                    $   10,593  $  15,514
                                    ==========  =========
</TABLE>

8.   COMPREHENSIVE INCOME

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

<TABLE>
<CAPTION>
     (DOLLARS  IN  THOUSANDS)

                                             THREE MONTHS ENDED  NINE MONTHS ENDED
                                                  MARCH 31,          MARCH 31,
                                               2003      2002     2003      2002
                                             ---------  ------  ---------  ------
<S>                                          <C>        <C>     <C>        <C>
     Net income (loss)                       $(14,260)  $2,304  $(18,305)  $(650)

     Other comprehensive income:
       Foreign currency translation income        327      166       271     259
                                             ---------  ------  ---------  ------

     Total comprehensive income (loss)       $(13,933)  $2,470  $(18,034)  $(391)
                                             =========  ======  =========  ======
</TABLE>

9.   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.  Concurrent's Xstreme division is a leading supplier
of  digital  video server systems primarily to the broadband cable industry, and
to  a  lesser  extent,  the  telecom industry [Video over IP], and to education,
hospitality  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,  Human  Resources, and other administrative costs
including  annual  audit  and  tax  fees, legal fees, Board of Director fees and
similar  costs.


                                      -8-
<PAGE>
     The  following  summarizes  the  operating income (loss) by segment for the
three  month  periods  ended  March  31,  2003 and March 31, 2002, respectively:

<TABLE>
<CAPTION>
     (DOLLARS  IN  THOUSANDS)

                                   THREE MONTHS ENDED MARCH 31, 2003 (UNAUDITED)
                                    -------------------------------------------
                                     REAL-TIME     VOD      CORPORATE    TOTAL
                                    ----------  --------  -----------  --------
<S>                                 <C>         <C>       <C>          <C>

     Revenues:
       Product                      $    5,027  $ 7,631   $        -   $12,658
       Service                           4,169      821            -     4,990
                                    ----------  --------  -----------  --------
          Total                          9,196    8,452            -    17,648

     Cost of sales:
       Product                           1,926    4,308            -     6,234
       Service                           2,725      754            -     3,479
                                    ----------  --------  -----------  --------
          Total                          4,651    5,062            -     9,713
                                    ----------  --------  -----------  --------

     Gross margin                        4,545    3,390            -     7,935

     Operating expenses
       Sales and marketing               1,811    2,315          161     4,287
       Research and development          1,371    3,620            -     4,991
       General and administrative          441      494        1,446     2,381
                                    ----------  --------  -----------  --------
         Total operating expenses        3,623    6,429        1,607    11,659
                                    ----------  --------  -----------  --------

     Operating income (loss)        $      922  $(3,039)  $   (1,607)  $(3,724)
                                    ==========  ========  ===========  ========

                                   THREE MONTHS ENDED MARCH 31, 2002 (UNAUDITED)
                                    -------------------------------------------
                                     REAL-TIME     VOD      CORPORATE    TOTAL
                                    ----------  --------  -----------  --------
     Revenues:
       Product                      $    5,647  $14,319   $        -   $19,966
       Service                           4,805      257            -     5,062
                                    ----------  --------  -----------  --------
          Total                         10,452   14,576            -    25,028

     Cost of sales:
       Product                           2,054    6,822            -     8,876
       Service                           2,838      553            -     3,391
                                    ----------  --------  -----------  --------
          Total                          4,892    7,375            -    12,267
                                    ----------  --------  -----------  --------

     Gross margin                        5,560    7,201            -    12,761

     Operating expenses
       Sales and marketing               1,696    2,350          152     4,198
       Research and development          1,409    2,452            -     3,861
       General and administrative          627      450        1,264     2,341
                                    ----------  --------  -----------  --------
         Total operating expenses        3,732    5,252        1,416    10,400
                                    ----------  --------  -----------  --------

     Operating income (loss)        $    1,828  $ 1,949   $   (1,416)  $ 2,361
                                    ==========  ========  ===========  ========
</TABLE>


                                      -9-
<PAGE>
     The  following  summarizes  the  operating income (loss) by segment for the
nine  month  periods  ended  March  31,  2003  and March 31, 2002, respectively:

<TABLE>
<CAPTION>
     (DOLLARS  IN  THOUSANDS)

                                    NINE MONTHS ENDED MARCH 31, 2003 (UNAUDITED)
                                    -------------------------------------------
                                    REAL-TIME     VOD      CORPORATE    TOTAL
                                    ----------  --------  -----------  --------
<S>                                 <C>         <C>       <C>          <C>

     Revenues:
       Product                      $   14,998  $28,959   $        -   $43,957
       Service                          13,332    2,634            -    15,966
                                    ----------  --------  -----------  --------
          Total                         28,330   31,593            -    59,923

     Cost of sales:
       Product                           5,990   14,485            -    20,475
       Service                           7,835    2,216            -    10,051
                                    ----------  --------  -----------  --------
          Total                         13,825   16,701            -    30,526
                                    ----------  --------  -----------  --------

     Gross margin                       14,505   14,892            -    29,397

     Operating expenses
       Sales and marketing               5,579    7,401          469    13,449
       Research and development          4,048    9,967            -    14,015
       General and administrative        1,276    1,559        4,141     6,976
                                    ----------  --------  -----------  --------
         Total operating expenses       10,903   18,927        4,610    34,440
                                    ----------  --------  -----------  --------

     Operating income (loss)        $    3,602  $(4,035)  $   (4,610)  $(5,043)
                                    ==========  ========  ===========  ========

                                    NINE MONTHS ENDED MARCH 31, 2002 (UNAUDITED)
                                    -------------------------------------------
                                    REAL-TIME     VOD      CORPORATE    TOTAL
                                    ----------  --------  -----------  --------
     Revenues:
       Product                      $   15,845  $29,783   $        -   $45,628
       Service                          15,252      731            -    15,983
                                    ----------  --------  -----------  --------
          Total                         31,097   30,514            -    61,611

     Cost of sales:
       Product                           6,682   15,589            -    22,271
       Service                           8,651    1,388            -    10,039
                                    ----------  --------  -----------  --------
          Total                         15,333   16,977            -    32,310
                                    ----------  --------  -----------  --------

     Gross margin                       15,764   13,537            -    29,301

     Operating expenses
       Sales and marketing               5,059    7,026          441    12,526
       Research and development          3,913    7,064            -    10,977
       General and administrative        1,379    1,322        3,738     6,439
                                    ----------  --------  -----------  --------
         Total operating expenses       10,351   15,412        4,179    29,942
                                    ----------  --------  -----------  --------

     Operating income (loss)        $    5,413  $(1,875)  $   (4,179)  $  (641)
                                    ==========  ========  ===========  ========
</TABLE>


                                      -10-
<PAGE>
10.  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.
The value of the warrants is determined using the Black-Scholes valuation model.
The weighted-average assumptions used for the quarter ended March 31, 2003 were:
expected  dividend  yield of 0%; risk-free interest rate of 2.36%; expected life
of  4  years; and an expected volatility of 119.53%.  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.


                                      -11-
<PAGE>
     For the three month and nine month periods ended March 31, 2003, Concurrent
recognized  $21,000  and $19,000, respectively, as a decrease 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  March  31,  2003.  This quarterly decrease in
revenue  was partially offset over the nine month period ended March 31, 2003 by
an  increase  in  revenue in previous quarters due to a decrease in the value of
the  unissued  warrants  using the Black-Scholes valuation model.  For the three
month period ended March 31, 2002, Concurrent recognized $242,000 as an increase
to revenue for the Performance Warrants and Cliff Warrants that were earned. For
the  nine month period ended March 31, 2002, Concurrent recognized $450,000 as a
decrease  in  revenue  for the Performance Warrants and Cliff Warrants that were
earned.

     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 March 31, 2003 and 2002,
Concurrent  accrued $82,000 and $576,000, respectively, as a part of VOD systems
cost  of  sales for SAI performance warrants that have been earned but unissued.
For  each  of  the  nine month periods ended March 31, 2003 and 2002, Concurrent
accrued  $275,000 and $1,301,000, 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.

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 fiscal 2003 annual financial statements and
the  interim  disclosure provisions are effective for Concurrent's quarter ended
March  31,  2003,  which  are included in Note 3.  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.


                                      -12-
<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
10  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 March 31, 2003 were:
expected dividend yield - 0%; risk free interest rate  - 2.36%; expected life  -
4  years; and expected volatility - 119.53%. 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.


                                      -13-
<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  March 31, 2003, 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  Consolidated Statement of Operations.

  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 March 31,
2003  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  equity  investment  made  in  March  2002. Additionally,
Concurrent  has two long-term notes receivable due from Thirdspace that total $6
million. For the quarter ending December 31, 2002, Concurrent evaluated its $7.3
million equity investment in Thirdspace and determined a $2.9 million impairment
charge  of  its  investment  was necessary. In the quarter ended March 31, 2003,
Concurrent again evaluated its remaining equity investment of $4.4 million along
with  the  notes  receivable  and  accrued  interest due from Thirdspace of $6.1
million  and determined that an additional impairment charge of $4.4 million for
the  equity  investment  was necessary and also determined that a charge of $6.1
million  would  be  necessary  to  write-off completely the notes receivable and
related  accrued  interest.  The  assessment  to impair the equity investment is
based  upon  Thirdspace's financial condition and actual performance relative to
expected  performance, the status of its capital raising initiatives, the market
conditions  of  the telecommunications sector, the state of the economy, and the
reduced  market  value  of Thirdspace. The notes receivable and accrued interest
were  entirely written off in the third quarter ended March 31, 2003, due to the


                                      -14-
<PAGE>
uncertainty  of  collectibility  based on the conditions listed above.  Although
Concurrent  continues  to  have a 14.4% equity ownership interest in the Company
and  $6  million in notes receivable, the value of each of these investments has
been  reduced  to  zero  on  the  March 31, 2003 balance sheet.  Concurrent also
believes  that  the  Thirdspace  warrants  no  longer  have  any  value.


                                      -15-
<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     NINE MONTHS ENDED
                                                       MARCH 31,             MARCH 31,
                                                    2003       2002       2003       2002
                                                  ---------  ---------  ---------  ---------
                                                      (Unaudited)           (Unaudited)
<S>                                               <C>        <C>        <C>        <C>
Net sales:
  Product sales (% of total sales):
    Real-time systems                                 28.5%      22.6%      25.0%      25.7%
    Video-on-demand systems                           43.2       57.2       48.3       48.3
                                                  ---------  ---------  ---------  ---------
      Total product sales                             71.7       79.8       73.4       74.1
  Service:
    Real-time systems                                 23.6       19.2       22.2       24.8
    Video-on-demand systems                            4.7        1.0        4.4        1.2
                                                  ---------  ---------  ---------  ---------
      Total service sales                             28.3       20.2       26.6       25.9
                                                  ---------  ---------  ---------  ---------

      Total                                          100.0      100.0      100.0      100.0

Cost of sales (% of respective sales category):
  Product:
    Real-time systems                                 38.3       36.4       39.9       42.2
    Video-on-demand systems                           56.5       47.6       50.0       52.3
                                                  ---------  ---------  ---------  ---------
      Total product cost of sales                     49.2       44.5       46.6       48.8
  Service:
    Real-time systems                                 65.4       59.1       58.8       56.7
    Video-on-demand systems                           91.8      215.2       84.1      189.9
                                                  ---------  ---------  ---------  ---------
      Total service cost of sales                     69.7       67.0       63.0       62.8
                                                  ---------  ---------  ---------  ---------
      Total cost of sales                             55.0       49.0       50.9       52.4
                                                  ---------  ---------  ---------  ---------

Gross margin                                          45.0       51.0       49.1       47.6

Operating expenses:
  Sales and marketing                                 24.3       16.8       22.4       20.3
  Research and development                            28.3       15.4       23.4       17.8
  General and administrative                          13.5        9.4       11.6       10.5
                                                  ---------  ---------  ---------  ---------
      Total operating expenses                        66.1       41.6       57.5       48.6
                                                  ---------  ---------  ---------  ---------

Operating income (loss)                              (21.1)       9.4       (8.4)      (1.0)

Impairment loss on minority investment               (59.4)         -      (22.4)         -
Interest income - net                                  0.6        0.6        0.7        0.9
Other expense - net                                   (0.5)      (0.2)      (0.2)      (0.2)
                                                  ---------  ---------  ---------  ---------

Income (loss) before income taxes                    (80.4)       9.8      (30.3)      (0.3)

Provision for income taxes                             0.4        0.6        0.3        0.7
                                                  ---------  ---------  ---------  ---------

Net income (loss)                                   (80.8)%       9.2%    (30.5)%     (1.1)%
                                                  =========  =========  =========  =========
</TABLE>


                                      -16-
<PAGE>
RESULTS OF OPERATIONS

THE QUARTER ENDED MARCH 31, 2003 COMPARED TO THE QUARTER ENDED MARCH 31, 2002

     Product Sales.  Total product sales were $12.7 million for the three months
ended March 31, 2003, a decrease of $7.3 million or 36.6% from $20.0 million for
the  three  months  ended March 31, 2002.  This decrease resulted primarily from
VOD  product  sales  decreasing by $6.7 million, or 46.7% to $7.6 million in the
three  month period ended March 31, 2003 from $14.3 million for the three months
ended  March  31,  2002.   The decrease in VOD product sales is due primarily to
increased  scrutiny by the cable operators of their capital expenditures and the
timing  of  revenue  recognition  for  one cable operator where certain software
deliverables  have yet to be completed.  During the three months ended March 31,
2003,  VOD  product  purchases  from  each of two North American multiple system
cable  operators  ("MSO")  accounted for more than 10% of VOD system revenue and
92.2%  of  VOD  system  revenue  in  the  aggregate.

       Sales  of  Real-Time  products  decreased  $0.6 million, or 11.0% to $5.0
million during the three month period ended March 31, 2003 from $5.6 million for
the three month period ended March 31, 2002.  This decrease in real-time product
revenue  is  due to a decrease of $0.2 million in real-time product sales in the
North  America markets and a decrease of $0.4 million in real-time product sales
internationally,  primarily  in  the U.K. and Japan, due to unfavorable economic
conditions  in  those countries.  Sales to a single customer accounted for 50.6%
of  real-time  product  sales  during  the  three  months  ended March 31, 2003,
compared to 60.0% of real-time product sales during the three months ended March
31,  2002.

     Service  Sales.  Service  sales  decreased  $0.1  million,  or 1.4% to $5.0
million  for  the  three  months ended March 31, 2003, from $5.1 million for the
three  months  ended March 31, 2002. VOD service revenue increased $0.5 million,
or  219.5%  to  $0.8 million in the three month period ended March 31, 2003 from
$0.3  million  for  the  same  period  in  fiscal  2002, as the Xstreme division
continued  to recognize deferred maintenance revenue and expand its VOD customer
base  requiring  additional  installation,  training,  technical  support,  and
software  and  hardware maintenance services. This increase was offset by a $0.6
million,  or  13.2% decrease in real-time service revenue to $4.2 million in the
three  month  period ended March 31, 2003 from $4.8 million for the three months
ended  March  31, 2002. Real-time service revenue continued to decline primarily
due  to  the cancellation of maintenance contracts as machines were removed from
service  and  from customers purchasing Concurrent's new products which are less
expensive  to  maintain.

     Product  Gross Margin.  The product gross margin decreased $4.7 million, or
42.1%  to  $6.4  million  for  the  three months ended March 31, 2003 from $11.1
million  for  the  three  months  ended  March  31, 2002.  The gross margin as a
percentage of sales decreased to 50.8% in the three month period ended March 31,
2003  from  55.5%  in  the  three  month  period  ended March 31, 2002, due to a
decrease  in both VOD and real-time product margins in the current year quarter.
VOD  product  gross  margins  decreased to 43.5% in the three month period ended
March 31, 2003 from 52.4% in the three month period ended March 31, 2002, due to
certain  fixed  costs  being spread over lower product sales volume, product mix
changes,  and  competitive downward pricing pressures.   Real-time product gross
margins  decreased  slightly  to 61.7% for the three months ended March 31, 2003
from  63.6%  for  the three months ended March 31, 2002, primarily due to strong
margins  on  software  product  sales  in  the  prior  year  period.

     Service  Gross Margin. The gross margin on service sales decreased to 30.3%
for  the  three  months  ended  March 31, 2003 from 33.0% for the same period in
fiscal  2002. This decrease results from a decrease in real-time service margins
to  34.6% during the three months ended March 31, 2003, compared to 40.9% during
the same period in the prior year. This decrease in margins was primarily due to
an  increase  in severance expense during the quarter resulting from a reduction
in  service  personnel  as  the  Real-Time  division  has  scaled  down  the
infrastructure  that  is necessary to fulfill declining contractual obligations.
The  decline  in  contractual  obligations  results  from  the  cancellation  of
maintenance  contracts  as machines were removed from service and from customers
purchasing  Concurrent's new products which are less expensive to maintain. This
decrease  was  offset  by  an  increase  of $0.5 million in VOD service revenue,
bringing  VOD  service  margins  to 8.2% during the three months ended March 31,


                                      -17-
<PAGE>
2003  compared  to a negative margin of 115.2% of VOD service revenue during the
same  period  in  the  prior  year. VOD service margins increased as the Xstreme
division  continued  to  recognize  deferred  maintenance revenue and expand its
customer  base  requiring  additional installation, training, technical support,
and  software and hardware maintenance services, at a faster rate than growth of
the  costs  to support such services. Real-time service revenue made up 83.5% of
total  service revenue, and as a result, a large increase in VOD service margins
minimally  impacts  overall  service  margins.

     Sales  and  Marketing.  Sales  and  marketing  expenses  increased  as  a
percentage  of  sales  to  24.3%  for the three months ended March 31, 2003 from
16.8%  for the three months ended March 31, 2002.  These expenses increased $0.1
million,  or  2.1% to $4.3 million during the three month period ended March 31,
2003  from  $4.2  million  in  the three month period ended March 31, 2002.  The
Real-Time  division's  sales  and  marketing  expenses  increased  $0.1  million
compared to the same period in the prior year due primarily to the addition of a
new  sales person.  The Xstreme division's sales and marketing expenses remained
the  same  as  compared  to  last  year.

     Research and Development.  Research and development expenses increased as a
percentage  of  sales  to  28.3% for the three month period ended March 31, 2003
from  15.4%  for  the  three  month period ended March 31, 2002.  These expenses
increased  $1.1  million, or 29.3% to $5.0 million during the three month period
ended  March  31,  2003 from $3.9 million during the same period ended March 31,
2002.  Since  the  three months ended March 31, 2002, the Xstreme division added
new  development  staff  and  utilized  outside  consultants  to  focus  on  new
application  software  development and customer specific integration activities.
The addition of the development staff and use of outside consultants resulted in
an  increase  in  VOD  research and development expense of $0.5 million and $0.2
million,  respectively,  when compared to the three months ended March 31, 2002.
In  addition,  Concurrent  incurred  $0.1  million  of  additional  product
certification  costs  and $0.1 million in additional depreciation expense due to
purchases  of new testing and quality assurance equipment since the three months
ended  March  31, 2002.   Additionally, there was an increase of $0.1 million of
rent  expense while temporarily occupying two development facilities as a result
of  moving  our  U.K.  office  to a new facility, and a $0.1 million increase in
development  expenses in the U.K. due to appreciation of the Great Britain Pound
against  the  U.S.  Dollar  when  compared to the same period in the prior year.

     General  and  Administrative. General and administrative expenses increased
as a percentage of sales to 13.5% for the three months ended March 31, 2003 from
9.4%  for  the  three months ended March 31, 2002. These expenses increased $0.1
million  to  $2.4  million  during  the  three month period ended March 31, 2003
compared to $2.3 million in same period in the prior year. This increase was due
to  a  $0.1  million  increase  in  corporate insurance costs and a $.02 million
increase as Concurrent increased its accounting personnel, partially offset by a
$0.1 million decrease in bad debt expense, as compared to the three months ended
March  31,  2002.

     Impairment  Loss  on  Minority  Investment  and  Related  Note  Receivable.
Concurrent  recorded  a  $10.5  million  impairment  charge,  which included the
write-off  of  the  equity  investment  of $4.4 million and notes receivable and
accrued  interest  of $6.1 million due from Thirdspace, during the quarter ended
March  31,  2003, due to an other-than-temporary decline in the estimated market
value  of  the  equity  investment  in  Thirdspace  and  the  uncertainty  of
collectibility  of  the  notes receivable from Thirdspace. The impairment of the
equity  investment  and  write  off  of the related notes receivable and accrued
interest  is  based upon Thirdspace's financial condition and actual performance
relative  to  expected  performance,  the status of Thirdspace's capital raising
initiatives,  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  $72,000  and  $150,000 during the three month periods
ended March 31, 2003 and 2002, respectively.  This expense is based on a pre-tax
loss  of  $14.2  million  and  pre-tax income of $2.5 million in the three month
periods  ended March 31, 2003 and 2002, respectively.  This expense is primarily


                                      -18-
<PAGE>
attributable  to  foreign  withholding  taxes  and  income  earned  in  foreign
locations,  which  cannot  be  offset  by  net  operating  loss  carryforwards.

     Net  Income  (Loss).  Concurrent  recorded  a  net loss of $14.3 million or
$0.23  per  basic  and  diluted share for the three months ended March 31, 2003,
compared  to  net income of $2.3 million or $.04 per basic and diluted share for
the  three  months  ended  March  31,  2002.


THE NINE MONTHS ENDED MARCH 31, 2003 COMPARED TO THE NINE MONTHS ENDED MARCH 31,
2002

     Product  Sales.  Total product sales were $44.0 million for the nine months
ended  March 31, 2003, a decrease of $1.6 million or 3.7% from $45.6 million for
the nine months ended March 31, 2002.  This decrease resulted, in part, from VOD
product  sales  decreasing slightly by $0.8 million, or 2.8% to $29.0 million in
the  nine  month  period  ended  March  31, 2003 from $29.8 million for the nine
months  ended  March  31, 2002.   The decrease in VOD product sales for the nine
months ended March 31, 2003, is due primarily to increased scrutiny by the cable
operators  of  their  capital expenditures and the timing of revenue recognition
for  one  cable  operator  where  certain  software  deliverables have yet to be
completed.  During  the  nine months ended March 31, 2003, VOD product purchases
from each of four North American MSO's accounted for more than 10% of VOD system
revenue  and  89.6%  of  VOD  system  revenue  in  the  aggregate.

     Sales  of  real-time  products  decreased  $0.8  million,  or 5.3% to $15.0
million in the nine month period ended March 31, 2003 from $15.8 million for the
nine  month period ended March 31, 2002. The decrease in real-time product sales
is due to a nonrecurring sale to an Australian customer in the nine months ended
March  31,  2002,  unfavorable economic factors and a longer than expected sales
cycle  internationally and domestically, partially offset in the domestic market
by  sales  to  one specific customer, as compared to the nine months ended March
31,  2002.  Sales  to  a  single  customer  accounted for approximately 51.4% of
real-time  product  sales  during  the  nine  months  ended  March  31,  2003.

     Service  Sales. Service sales remained at $16.0 million for the nine months
ended  March  31,  2003  compared  to  the nine months ended March 31, 2002. VOD
service  revenue  increased  $1.9  million,  or  260.3%, as the Xstreme division
continued  to recognize deferred maintenance revenue and expand its VOD customer
base  requiring  additional  installation,  training,  technical  support,  and
hardware  and  software  maintenance  services.  This  increase  was offset by a
decrease  of  $1.9  million  in  real-time  service revenue due primarily to the
cancellation  of maintenance contracts as machines were removed from service and
from  customers purchasing Concurrent's new products which are less expensive to
maintain.

     Product  Gross Margin. The product gross margin increased slightly to $23.5
million for the nine months ended March 31, 2003 from $23.4 million for the nine
months ended March 31, 2002. The gross margin as a percentage of sales increased
to  53.4%  in  the nine month period ended March 31, 2003 from 51.2% in the nine
month  period  ended  March 31, 2002, due to increases in both VOD and real-time
product  margins in the current fiscal year. VOD product gross margins increased
to  50.0%  in  the nine month period ended March 31, 2003 from 47.7% in the nine
month  period  ended  March  31,  2002,  due to improved efficiencies in the new
MediaHawk  model  3000  server, partially offset by a less favorable product mix
and  certain  fixed  costs  being  spread over lower product sales volume in the
second  and  third  quarters  of  fiscal  2003.  Real-time product gross margins
increased  to  60.1% for the nine months ended March 31, 2003 from 57.8% for the
nine  months  ended  March 31, 2002, primarily due to strong margins on software
sales and a favorable product mix on hardware during the nine months ended March
31,  2003,  compared  to  the  same  period  in  the  prior  year.

     Service  Gross  Margin.  The  gross  margin  as a percent of services sales
remained  relatively  constant  on  a  consolidated basis, at 37.0% for the nine
months  ended March 31, 2003 compared to 37.2% for the same period in 2002. This
decrease results from a decline in real-time service margins to 41.2% during the
nine months ended March 31, 2003 compared to 43.3% during the same period in the
prior year. This decrease in margins was due to an increase in severance expense
during the nine months ended March 31, 2003 from a reduction in personnel as the
Real-Time  division  has  scaled  down  the  infrastructure that is necessary to
fulfill  declining  contractual  obligations.  The  decline  in  contractual
obligations  resulted from the cancellation of maintenance contracts as machines


                                      -19-
<PAGE>
were  removed  from  service  and  from  customers  purchasing  Concurrent's new
products  which  are  less  expensive  to  maintain.  This decrease in real-time
service  margins  is  partially offset by a $1.9 million increase in VOD service
revenue,  bringing  VOD  service  margins  to 15.9% during the nine months ended
March  31, 2003 compared to a negative margin of 89.9% during the same period in
the  prior year. VOD service margins increased as the Xstreme division continued
to recognize deferred maintenance revenue and expand its customer base requiring
additional  installation,  training,  technical  support,  and  software  and
maintenance  services,  at a faster rate than the growth of the costs to support
such services. Real-time service revenue made up 83.5% of total service revenues
in  the  nine  months ended March 31, 2003, and as a result, the increase in VOD
margins  over  the  same  period  in  the  prior year has only a minor impact on
overall  service  margins.

     Sales  and  Marketing.  Sales  and  marketing  expenses  increased  as  a
percentage of sales to 22.4% for the nine months ended March 31, 2003 from 20.3%
for  the  nine  months  ended  March  31,  2002.  These  expenses increased $0.9
million,  or  7.4% to $13.4 million during the nine month period ended March 31,
2003  from  $12.5  million  in  the nine month period ended March 31, 2002.  The
Real-Time  division's  sales  and  marketing expenses increased $0.4 million due
primarily  to  an  increase  in salaries and benefits from additional personnel,
including the addition of a new sales person at Concurrent Federal Systems Inc.,
a wholly owned subsidiary of Concurrent Computer Corporation, focusing primarily
on  government  programs.  The  Xstreme  division's sales and marketing expenses
increased  $0.5  million in the nine months ended March 31, 2003 compared to the
same  period in the prior year due to a $0.2 million increase in severance costs
for international personnel reductions and a $0.3 million increase in salary and
wage  benefits  related  to  an  increase  in  domestic  sales  personnel.

     Research  and Development. Research and development expenses increased as a
percentage of sales to 23.4% for the nine month period ended March 31, 2003 from
17.8%  for  the nine month period ended March 31, 2002. These expenses increased
from  $11.0  million  to  $14.0  million, or 27.7%, during the nine month period
ended  March 31, 2003 as compared to the nine month period ended March 31, 2002.
Of  the $3.0 million increase in research and development expenses, $2.9 million
was attributed to VOD research and development. The increase in VOD research and
development  expense  resulted  primarily  from  the addition of new development
staff  and  utilization  of  outside  consultants  to  focus  on new application
software  development and customer specific integration activities. The addition
of  the development staff and use of outside consultants resulted in an increase
in  research  and  development  expense  of  $1.3  million  and  $0.8  million,
respectively,  when  compared  to  the  nine  months  ended  March  31, 2002. In
addition,  there was an increase in product certification costs of $0.1 million,
an additional $0.2 million of depreciation expense from purchases of new testing
and  quality  assurance  equipment,  an increase of $0.1 million in rent expense
while temporarily occupying two development facilities as a result of moving our
U.K.  office  to  a  new  facility,  and  a $0.1 million increase in development
expenses  in the U.K. due to the appreciation of the Great Britain Pound against
the  U.S.  Dollar  when  compared  to  the  same  period  in  the  prior  year.

     General  and  Administrative. General and administrative expenses increased
as  a percentage of sales to 11.6% for the nine months ended March 31, 2003 from
10.5%  during  the  same period in the prior year. These expenses increased $0.6
million,  or  8.3% to $7.0 million, during the nine month period ended March 31,
2003  from  $6.4  million  during  the  nine  month period ended March 31, 2002,
primarily due to a $0.4 million increase in corporate insurance costs and a $0.1
million  increase  in  accounting  fees.  In addition, in the prior fiscal year,
Concurrent  hired  a  new  Xstreme division president and added personnel to its
legal and investor relations department, resulting in a $0.6 million increase in
general  and administrative salaries and benefits in the nine months ended March
31, 2003. The increase in these cost were partially offset by a decrease of $0.1
million in one time legal costs and a $0.3 million decrease in bad debt expense.

     Impairment  Loss  on  Minority  Investment  and  Related  Note  Receivable.
Concurrent  recorded a $10.5 million and a $2.9 million impairment charge during
the  quarters ended March 31, 2003 and December 31, 2002, respectively, totaling
$13.4  million  for  the nine months ended March 31, 2003. The impairment charge
recorded in the quarter ended March 31, 2003 included the write off of the notes
receivable and related accrued interest totaling $6.1 million owed to Concurrent
by  Thirdspace and an other-than-temporary decline in the estimated market value


                                      -20-
<PAGE>
of  the  remaining minority equity investment in Thirdspace of $4.4 million. The
impairment  of  the investment and write off of the related notes receivable and
accrued  interest  is  based  upon  Thirdspace's  financial condition and actual
performance relative to expected performance, the status of Thirdspace's capital
raising initiatives, the market conditions of the telecommunications sector, the
uncertainty  of  the  collectibility  of  the notes receivable, 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  $153,000 during the nine month period ended March 31,
2003,  compared  to  $450,000 during the nine month period ended March 31, 2002.
This  expense  is primarily attributable to foreign withholding taxes and income
earned  in  foreign  locations,  which  cannot  be  offset by net operating loss
carryforwards.

     Net  Loss.  Concurrent  recorded  a  net loss of $18.3 million or $0.30 per
basic  and diluted share for the nine months ended March 31, 2003, compared to a
net  loss  of  $650,000 or $0.01 per basic and diluted share for the nine months
ended  March  31,  2002.

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:

     -    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
          remaining  minority  equity  investment.

     Concurrent  provided  cash of $6.6 million from operating activities during
the  nine  months  ended  March  31, 2003 compared to using cash of $4.3 million
during  the  nine  months  ended  March  31,  2002,  primarily  due  to improved
collections of accounts receivables and improved inventory control. Concurrent's
previously  available  $5  million  revolving credit facility with Wachovia Bank
expired on December 31, 2002. Concurrent has elected not to renew or extend this
credit  facility  beyond  its  December  31,  2002  expiration  date.

     Concurrent  invested  $4.5  million in property, plant and equipment during
the  nine  months  ended March 31, 2003 compared to $3.3 million during the nine
months  ended March 31, 2002. Current year capital expenditures relate primarily
to  leasehold  improvements, product development, and the acquisition of testing
and  quality  assurance,  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. However, due to the uncertainty surrounding
the collectibility of the notes receivable from Thirdspace, the notes are valued
at  zero  on  the  March  31,  2003  balance  sheet.

     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


                                      -21-
<PAGE>
subsequently  been  registered  with the Securities and Exchange Commission in a
filing  on Form S-3.  In addition, Concurrent received $546,000 and $3.5 million
from the issuance of common stock to employees and directors who exercised stock
options  during  the  nine  month  periods  ended  March  31,  2003  and  2002,
respectively.

     At  March 31, 2003, Concurrent had working capital of $36.4 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 March 31,
2003, 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.  Deferred  revenues have increased $3.9 million from
$5.7 million at June 30, 2002 to $9.6 million at March 31, 2003, due to billings
to  a  North  America  cable  operator in advance of revenue recognition and the
growing  base  of cable customers with maintenance programs where the revenue is
recognized  ratably  over  the  maintenance  period.

     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  $10.8 million at March 31, 2003. Due to the decline in the fair market value
of the plans' assets, it is likely that the amount of Concurrent's 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 $600,000 was
recognized in the nine months ended March 31, 2003. 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  financial  position.  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


                                      -22-
<PAGE>
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;
     -    instability and financial instability in the cable industry;
     -    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;
     -    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


                                      -23-
<PAGE>
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.


                                      -24-
<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. A trial date has yet to be determined.

     -    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.  On  February 20, 2003, the plaintiff appealed and the
          case  is  scheduled  to  be  briefed  in  June  2003.

     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.
    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.
    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  Computation  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.


                                      -25-
<PAGE>
    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 January 24, 2003 relating to
            financial results for the quarter ended December 31, 2002.
      -     Current Report on Form 8-K filed on January 31, 2003 regarding the
            retirement of Board Member Morton Handel.
      -     Current Report on Form 8-K filed on March 21, 2003 relating to the
            equity investment in Thirdspace.


                                      -26-
<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 March 31,
2003, to be signed on its behalf by the undersigned thereunto duly authorized.


Date:  May 15, 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)


                                      -27-
<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: May 15, 2003

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


                                      -28-
<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: May 15, 2003

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


                                      -29-
<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.

    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.

    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  Computation  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.


                                      -30-
<PAGE>