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 Quarter Ended December 31, 2001

                                       or

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

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

                          Commission File No. 0-13150

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

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

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


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

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


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

Number of shares of the Registrant's Common Stock, par value $0.01 per share,
outstanding as of January 28, 2002 was 61,502,053.



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

ITEM 1.   FINANCIAL STATEMENTS

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

                                          THREE MONTHS ENDED        SIX MONTHS ENDED
                                              DECEMBER 31,             DECEMBER 31,
                                         ----------------------  ----------------------
                                            2001        2000        2001        2000
                                         ----------  ----------  ----------  ----------
<S>                                      <C>         <C>         <C>         <C>
Revenues:
  Product sales
    Real-time systems                    $   4,862   $   6,738   $  10,198   $  11,449
    Video-on-demand systems                 12,425       1,832      15,938       7,269
                                         ----------  ----------  ----------  ----------
      Total product sales                   17,287       8,570      26,136      18,718
  Service and other                          5,194       5,963      10,447      12,127
                                         ----------  ----------  ----------  ----------
      Total                                 22,481      14,533      36,583      30,845

Cost of sales:
  Real-time and video-on-demand systems      9,437       4,640      14,230      10,201
  Service and other                          2,964       3,231       5,813       6,391
                                         ----------  ----------  ----------  ----------
      Total                                 12,401       7,871      20,043      16,592
                                         ----------  ----------  ----------  ----------
Gross margin                                10,080       6,662      16,540      14,253

Operating expenses:
  Sales and marketing                        4,174       4,066       8,328       8,139
  Research and development                   3,655       2,818       7,116       5,449
  General and administrative                 2,189       3,775       4,098       6,242
                                         ----------  ----------  ----------  ----------
      Total operating expenses              10,018      10,659      19,542      19,830
                                         ----------  ----------  ----------  ----------

Operating income (loss)                         62      (3,997)     (3,002)     (5,577)

Interest income - net                          192          26         407          17
Other expense - net                            (48)        (37)        (59)        (92)
                                         ----------  ----------  ----------  ----------
Income (loss) before income taxes              206      (4,008)     (2,654)     (5,652)

Provision for income taxes                     150         150         300         300
                                         ----------  ----------  ----------  ----------
Net income (loss)                        $      56   $  (4,158)  $  (2,954)  $  (5,952)
                                         ==========  ==========  ==========  ==========
Net income (loss) per share
     Basic                               $    0.00   $   (0.08)  $   (0.05)  $   (0.11)
                                         ==========  ==========  ==========  ==========
     Diluted                             $    0.00   $   (0.08)  $   (0.05)  $   (0.11)
                                         ==========  ==========  ==========  ==========
</TABLE>

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



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


                                                                 DECEMBER 31,    JUNE 30,
                                                                     2001          2001
                                                                --------------  ----------
<S>                                                             <C>             <C>
               ASSETS

Current assets:
  Cash and cash equivalents                                     $      28,237   $   9,460
  Accounts receivable - net                                            20,211      14,348
  Inventories                                                           5,936       7,187
  Prepaid expenses and other current assets                             1,459       1,058
                                                                --------------  ----------
    Total current assets                                               55,843      32,053

Property, plant and equipment - net                                    10,671      10,484
Purchased developed computer software                                   1,488       1,583
Goodwill - net                                                         10,744      10,744
Other long-term assets - net                                            2,153       2,188
                                                                --------------  ----------
    Total assets                                                $      80,899   $  57,052
                                                                ==============  ==========

               LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:
  Accounts payable and accrued expenses                         $      13,314   $  13,929
  Deferred revenue                                                      2,207       3,300
                                                                --------------  ----------
    Total current liabilities                                          15,521      17,229

Long-term liabilities:
  Deferred revenue                                                        948       1,193
  Other                                                                 5,320       5,347
                                                                --------------  ----------
    Total liabilities                                                  21,789      23,769

Stockholders' equity:
  Common stock                                                            614         551
  Capital in excess of par value                                      168,977     140,352
  Accumulated deficit after eliminating accumulated deficit of
    $81,826 at December 31, 1991, date of quasi-reorganization       (105,714)   (102,760)
  Treasury stock                                                          (58)        (58)
  Accumulated other comprehensive loss                                 (4,709)     (4,802)
                                                                --------------  ----------
    Total stockholders' equity                                         59,110      33,283
                                                                --------------  ----------

Total liabilities and stockholders' equity                      $      80,899   $  57,052
                                                                ==============  ==========
</TABLE>

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


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

                                                         SIX MONTHS ENDED
                                                           DECEMBER 31,
                                                        ------------------
                                                          2001      2000
                                                        --------  --------
<S>                                                     <C>       <C>
OPERATING ACTIVITIES
Net loss                                                $(2,954)  $(5,952)
Adjustments to reconcile net loss to net
  cash used in operating activities:
  Accrual of non-cash warrants                            1,417       238
  Depreciation, amortization and other                    2,423     2,943
  Other non cash expenses                                   324       672
  Changes in operating assets and liabilities:
    Accounts receivable                                  (6,022)   (2,613)
    Inventories                                             946    (3,058)
    Prepaid expenses and other current assets              (401)     (153)
    Other long-term assets                                  (32)       84
    Accounts payable and accrued expenses                  (615)      320
    Deferred revenue                                     (1,338)    2,777
    Long-term liabilities                                    11       (76)
                                                        --------  --------
  Total adjustments to net loss                          (3,287)    1,134
                                                        --------  --------
Net cash used in operating activities                    (6,241)   (4,818)

INVESTING ACTIVITIES
  Net additions to property, plant and equipment         (2,274)   (1,839)
                                                        --------  --------
Net cash used in investing activities                    (2,274)   (1,839)

FINANCING ACTIVITIES
  Net repayment of capital lease obligation                 (38)      (35)
  Proceeds from sale and issuance of common stock        27,271     3,334
                                                        --------  --------
Net cash provided by financing activities                27,233     3,299

Effect of exchange rates on cash and cash equivalents        59      (432)
                                                        --------  --------

Increase (decrease) in cash and cash equivalents         18,777    (3,790)
Cash and cash equivalents at beginning of period          9,460    10,082
                                                        --------  --------
Cash and cash equivalents at end of period              $28,237   $ 6,292
                                                        ========  ========

Cash paid during the period for:
  Interest                                              $    46   $   178
                                                        ========  ========
  Income taxes (net of refunds)                         $   317   $   284
                                                        ========  ========
</TABLE>

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


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

1.   Basis of Presentation

     The  accompanying condensed consolidated financial statements of Concurrent
Computer  Corporation  ("Concurrent")  have been prepared in accordance with the
instructions  to  Form  10-Q  and  therefore  do not include all information and
footnotes  necessary  for  a fair presentation of financial position, results of
operations  and  cash  flows  in conformity with accounting principles generally
accepted in the United States of America. The foregoing financial information is
unaudited  but reflects all adjustments which are, in the opinion of management,
necessary  for a fair presentation of the results for the periods presented. All
such  adjustments  are  of  a  normal  recurring  nature.

     While  Concurrent  believes  that the disclosures presented are adequate to
make  the  information  not  misleading,  it  is  suggested that these condensed
consolidated  financial  statements  be  read  in  conjunction  with the audited
consolidated  financial  statements and the notes thereto included in the Annual
Report  on  Form  10-K  as  filed  with  the Securities and Exchange Commission.

     The  results  of  interim  periods  are  not  necessarily indicative of the
results  to  be  expected  for  the  full  fiscal  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  potential  common  shares
issuable.  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.

     The  number  of  shares  used in computing basic and diluted net income per
share  for  the  three  months  ended  December  31,  2001  was  61,031,000  and
64,761,000,  respectively.  The  number  of  shares  used in computing basic and
diluted  net  loss  per  share  for  the  six months ended December 31, 2001 was
60,297,000.  Because of the loss for the six months ended December 31, 2001, the
potential  common  shares issuable were anti-dilutive and were not considered in
the  diluted  earnings  per  share  calculations.  Common  share  equivalents of
3,507,000  for  the  six  months  ended December 31, 2001 were excluded from the
calculation,  as  their  effect  was  antidilutive.

     The number of shares used in computing basic and diluted net loss per share
for  the  three months ended December 31, 2000 and the six months ended December
31,  2000 was 54,675,000 and 54,332,000, respectively. Because of the losses for
these  periods, the potential common shares issuable were anti-dilutive and were
not  considered  in  the  diluted  earnings per share calculations. Common share
equivalents  of  4,809,000 and 5,089,000 for the three months ended December 31,
2000  and  the  six  months ended December 31, 2000, respectively, were excluded
from  the  calculation  as  their  effect  was  also  antidilutive.

3.   Revenue Recognition and Related Matters

     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  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.


                                      -4-
<PAGE>
     In  certain  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",
Statement  of  Position  ("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.

     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 the
software  solution  to  the  customer.


4.   Inventories

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

<TABLE>
<CAPTION>
     (DOLLARS IN THOUSANDS)

                                DECEMBER 31,   JUNE 30,
                                    2001         2001
                                -------------  ---------
<S>                             <C>            <C>
     Raw materials              $       4,950  $   5,709
     Work-in-process                      796      1,178
     Finished goods                       190        300
                                -------------  ---------
                                $       5,936  $   7,187
                                =============  =========
</TABLE>


5.   ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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

<TABLE>
<CAPTION>
     (DOLLARS  IN  THOUSANDS)

                               DECEMBER 31,   JUNE 30,
                                   2001         2001
                               -------------  ---------
<S>                            <C>            <C>
Accounts payable, trade        $       3,321  $   4,277
Accrued payroll, vacation and
  other employee expenses              5,920      6,090
Warranty accrual                       1,608        977
Other accrued expenses                 2,465      2,585
                               -------------  ---------
                               $      13,314  $  13,929
                               =============  =========
</TABLE>


                                      -5-
<PAGE>
6.   COMPREHENSIVE LOSS

     Concurrent's total comprehensive loss is as follows:

     (DOLLARS IN THOUSANDS)

<TABLE>
<CAPTION>
                                                THREE MONTHS ENDED      SIX MONTHS ENDED
                                                   DECEMBER 31,            DECEMBER 31,
                                              ----------------------  ----------------------
                                                 2001        2000        2001        2000
                                              ----------  ----------  ----------  ----------
<S>                                           <C>         <C>         <C>         <C>
Net income (loss)                             $      56   $  (4,158)  $  (2,954)  $  (5,952)

Other comprehensive income (loss):
  Foreign currency translation income (loss)       (180)        (33)         93        (445)
                                              ----------  ----------  ----------  ----------

Total comprehensive loss                      $    (124)  $  (4,191)  $  (2,861)  $  (6,397)
                                              ==========  ==========  ==========  ==========
</TABLE>


7.   SEGMENT INFORMATION

     Concurrent  operates  its  business  in  two  divisions:  real-time  and
video-on-demand  ("VOD").  Concurrent's 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 VOD
Division  is  a leading supplier of digital video server systems to a wide range
of  industries  serving  a  variety  of  markets, including the broadband/cable,
hospitality,  intranet/distance  learning,  and  other  related  markets. Shared
expenses  are  primarily  allocated based on either revenues or headcount. There
were  no material intersegment sales or transfers. Corporate costs include costs
related  to the offices of the Chief Executive Officer, Chief Financial Officer,
Investor Relations and other administrative costs including annual audit and tax
fees,  Board  of  Director  fees  and  similar  costs.


                                      -6-
<PAGE>
<TABLE>
<CAPTION>
     The  following  summarizes  the  operating income (loss) by segment for the
three-month periods ended December 31, 2001 and December 31, 2000, respectively:

     (DOLLARS  IN  THOUSANDS)

                                     THREE MONTHS ENDED DECEMBER 31, 2001 (UNAUDITED)
                               ------------------------------------------------------------
                                 REAL-TIME         VOD          CORPORATE         TOTAL
                               -------------  --------------  --------------  -------------
<S>                            <C>            <C>             <C>             <C>
Revenues:
  Product sales                $       4,862  $      12,425   $           -   $      17,287
  Service and other                    5,194              -               -           5,194
                               -------------  --------------  --------------  -------------
     Total                            10,056         12,425               -          22,481

Cost of sales
  Systems                              2,127          7,310               -           9,437
  Service and other                    2,964              -               -           2,964
                               -------------  --------------  --------------  -------------
     Total                             5,091          7,310               -          12,401
                               -------------  --------------  --------------  -------------

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

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

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


<TABLE>
<CAPTION>
                                      THREE MONTHS ENDED DECEMBER 31, 2000 (UNAUDITED)
                               -------------------------------------------------------------
                                 REAL-TIME         VOD          CORPORATE         TOTAL
                               -------------  --------------  --------------  --------------
<S>                            <C>            <C>             <C>             <C>
Revenues:
  Product sales                $       6,738  $       1,832   $           -   $       8,570
  Service and other                    5,963              -               -           5,963
                               -------------  --------------  --------------  --------------
     Total                            12,701          1,832               -          14,533

Cost of sales
  Systems                              3,502          1,138               -           4,640
  Service and other                    3,231              -               -           3,231
                               -------------  --------------  --------------  --------------
     Total                             6,733          1,138               -           7,871
                               -------------  --------------  --------------  --------------

Gross margin                           5,968            694               -           6,662

Operating expenses
  Sales and marketing                  1,870          2,060             136           4,066
  Research and development               844          1,974               -           2,818
  General and administrative             505            594           2,676           3,775
                               -------------  --------------  --------------  --------------
    Total operating expenses           3,219          4,628           2,812          10,659
                               -------------  --------------  --------------  --------------

Operating income (loss)        $       2,749  $      (3,934)  $      (2,812)  $      (3,997)
                               =============  ==============  ==============  ==============
</TABLE>


                                      -7-
<PAGE>
<TABLE>
<CAPTION>
     The following summarizes the operating income (loss) by segment for the
six-month periods ended December 31, 2001 and December 31, 2000, respectively:

     (DOLLARS  IN  THOUSANDS)

                                  SIX MONTHS ENDED DECEMBER 31, 2001 (UNAUDITED)
                               -----------------------------------------------------
                                REAL-TIME       VOD        CORPORATE       TOTAL
                               -----------  ------------  ------------  ------------
<S>                            <C>          <C>           <C>           <C>
Revenues:
  Product sales                $    10,198  $    15,938   $         -   $    26,136
  Service and other                 10,447            -             -        10,447
                               -----------  ------------  ------------  ------------
     Total                          20,645       15,938             -        36,583

Cost of sales
  Systems                            4,628        9,602             -        14,230
  Service and other                  5,813            -             -         5,813
                               -----------  ------------  ------------  ------------
     Total                          10,441        9,602             -        20,043
                               -----------  ------------  ------------  ------------

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

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

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

<TABLE>
<CAPTION>
                                  SIX MONTHS ENDED DECEMBER 31, 2000 (UNAUDITED)
                               -----------------------------------------------------
                                REAL-TIME       VOD        CORPORATE       TOTAL
                               -----------  ------------  ------------  ------------
<S>                            <C>          <C>           <C>           <C>
Revenues:
  Product sales                $    11,449  $     7,269   $         -   $    18,718
  Service and other                 12,127            -             -        12,127
                               -----------  ------------  ------------  ------------
     Total                          23,576        7,269             -        30,845

Cost of sales
  Systems                            5,892        4,309             -        10,201
  Service and other                  6,391            -             -         6,391
                               -----------  ------------  ------------  ------------
     Total                          12,283        4,309             -        16,592
                               -----------  ------------  ------------  ------------

Gross margin                        11,293        2,960             -        14,253

Operating expenses
  Sales and marketing                3,787        4,032           320         8,139
  Research and development           1,673        3,776             -         5,449
  General and administrative           774        1,255         4,213         6,242
                               -----------  ------------  ------------  ------------
    Total operating expenses         6,234        9,063         4,533        19,830
                               -----------  ------------  ------------  ------------

Operating income (loss)        $     5,059  $    (6,103)  $    (4,533)  $    (5,577)
                               ===========  ============  ============  ============
</TABLE>


                                      -8-
<PAGE>
8.   Recent  Accounting  Pronouncements

     In  June  1998,  the  Financial  Accounting Standards Board ("FASB") issued
Statement  No.  133,  "Accounting  for  Derivative  Instruments  and  Hedging
Activities"  ("SFAS  133"),  as  amended by Statement No. 137 and No. 138, which
provides  a  comprehensive  and  consistent  standard  for  the  recognition and
measurement  of  derivatives and hedging activities. Derivative instruments will
be recognized in the balance sheet at fair value, and changes in the fair values
of  such  instruments  must  be recognized currently in earnings unless specific
hedge  accounting criteria are met. Concurrent adopted SFAS 133 on July 1, 2000.
As  Concurrent  does  not have any hedging and derivative positions, adoption of
these  pronouncements  did  not have a material effect on Concurrent's financial
position.

     In  March  2000,  the  FASB  issued  Interpretation  No. 44, "Accounting of
Certain Transactions Involving Stock Compensation - an Interpretation of APB No.
25"  ("FIN  44").  FIN  44  clarifies  the application of APB No. 25 for (a) the
definition of employee for purposes of applying APB No. 25, (b) the criteria for
determining  whether  a  plan  qualifies  as  a  noncompensatory  plan,  (c) the
accounting  consequence  of  various  modifications to the terms of a previously
fixed  stock  option  or  award, and (d) the accounting for an exchange of stock
compensation awards in a business combination. Concurrent adopted FIN 44 on July
1,  2000,  and  the  adoption  did  not  have a material effect on the financial
position  or  operations  of  Concurrent.

     In  June  2001, the FASB issued Statements No. 141, "Business Combinations"
("SFAS  141"), and No. 142, "Goodwill and Other Intangible Assets" ("SFAS 142").
SFAS  141  provides that all business combinations initiated after June 30, 2001
shall  be accounted for using the purchase method. In addition, it provides that
the  cost  of  an  acquired  entity  must  be  allocated to the assets acquired,
including identifiable intangible assets, and liabilities assumed based on their
estimated  fair  values at the date of acquisition. Under SFAS 142, goodwill and
intangible  assets with indefinite lives will no longer be amortized but will be
subject  to annual impairment tests. Other intangible assets will continue to be
amortized  over  their  useful  lives.  SFAS  142  is effective for fiscal years
beginning  after December 15, 2001. As permitted, Concurrent early-adopted these
statements  as  of  July  1,  2001,  the  beginning  of  its  fiscal  year.

     In  connection  with  the  adoption  of SFAS 142, Concurrent is required to
perform  an impairment assessment within six months of adoption. As of September
30, 2001, Concurrent completed this transitional impairment test and deemed that
no  impairment  loss  was  necessary.  Any  subsequent impairment losses will be
reflected  in  operating  income  in  the  income  statement.


                                      -9-
<PAGE>
     Also  in accordance with SFAS 142, Concurrent discontinued the amortization
of  goodwill effective July 1, 2001. A reconciliation of previously reported net
income  and  earnings  per  share  to  the amounts adjusted for the exclusion of
goodwill  amortization  net  of  the  related  income  tax  effect  follows:

(Dollars in thousands, except per share data)

<TABLE>
<CAPTION>
                                              THREE MONTHS ENDED      SIX MONTHS ENDED
                                                  DECEMBER 31,           DECEMBER 31,
                                             ---------------------  ---------------------
                                               2001        2000        2001        2000
                                             ---------  ----------  ----------  ----------
<S>                                          <C>        <C>         <C>         <C>
Reported net income (loss)                   $      56  $  (4,158)  $  (2,954)  $  (5,952)
  Add:  Goodwill amortization                        -        309           -         618
                                             ---------  ----------  ----------  ----------
Adjusted net income (loss)                   $      56  $  (3,849)  $  (2,954)  $  (5,334)
                                             =========  ==========  ==========  ==========

Basic and diluted income (loss) per share:
Reported net income (loss)                   $    0.00  $   (0.08)  $   (0.05)  $   (0.11)
  Goodwill amortization                              -       0.01           -        0.01
                                             ---------  ----------  ----------  ----------
Adjusted net income (loss)                   $    0.00  $   (0.07)  $   (0.05)  $   (0.10)
                                             =========  ==========  ==========  ==========
</TABLE>

     In  June  2001,  the  FASB  issued Statement No. 143, "Accounting for Asset
Retirement  Obligations"  ("SFAS 143"). SFAS 143 requires entities to record the
fair  value  of  a liability for an asset retirement obligation in the period in
which  it  is  incurred  and requires that the amount recorded as a liability be
capitalized  by  increasing the carrying amount of the related long-lived asset.
Subsequent  to  initial  measurement,  the liability is accreted to the ultimate
amount  anticipated to be paid, and is also adjusted for revisions to the timing
or  amount of estimated cash flows. The capitalized cost is depreciated over the
useful  life  of  the related asset. Upon settlement of the liability, an entity
either  settles  the obligation for its recorded amount or incurs a gain or loss
upon  settlement.  SFAS 143 is required to be adopted for fiscal years beginning
after  June  15, 2002, with earlier application encouraged. The adoption of SFAS
143 is not expected to have a material effect on Concurrent's financial position
and  results  of  operations.

     In  August  2001,  the  FASB  issued Statement No. 144, "Accounting for the
Impairment  or  Disposal  of  Long-Lived  Assets"  ("SFAS  144"). This statement
supersedes SFAS No. 121, "Accounting for the Impairment of Long-Lived Assets and
for  Long-Lived  Assets  to  be  Disposed  of." SFAS 144 retains the fundamental
provisions of SFAS No. 121 for (a) recognition and measurement of the impairment
of  long-lived  assets  to  be  held  and used and (b) measurement of long-lived
assets  to  be  disposed  of  by  sale.  SFAS  144 is effective for fiscal years
beginning  after December 15, 2001. Concurrent has not yet determined the impact
on  its  financial position and results of operations, if any, from the adoption
of  SFAS  144.

9.   Issuance  of  Non-Cash  Warrants

     On  March 29, 2001, Concurrent entered into a 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
quarter  end  as  compared  to  the  prior quarter end multiplied by a specified
percentage  is  the  number  of  additional  warrants that are earned during the
quarter.  These  warrants  are  referred  to  as  the  "Performance  Warrants".
Concurrent  issued  a performance warrant for 4,431 shares to Comcast on October
9,  2001, exercisable at $6.251 per share over a four-year term. Concurrent also


                                      -10-
<PAGE>
issued a performance warrant for 52,511 shares to Comcast on January 15, 2002,
exercisable at $15.019 per share over a four-year term.

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

     Concurrent  is  recognizing  the  value of the Performance Warrants and the
Cliff  Warrants  over  the term of the agreement as Comcast purchases additional
VOD  servers  from  Concurrent and makes the service available to its customers.
For  the  three months ended December 31, 2001 and the six months ended December
31,  2001,  Concurrent  recognized  $287,000  and  $692,000,  respectively, as a
reduction  to  revenue for the Performance Warrants and Cliff Warrants that have
been  accrued  for  but  not  yet  issued.

     The  value  of  the  warrants  is  determined  using  the  Black-Scholes
option-pricing  model.  The  weighted  assumptions  used  for  the quarter ended
December  31, 2001 were: expected dividend yield - 0%; risk free interest rate -
4.08%;  expected  life  - 4 years; expected volatility - 123.8%. Concurrent will
adjust  the value of the earned but unissued warrants on a quarterly basis using
the  Black-Scholes  option-pricing 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 option-pricing
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 the
warrant  will  be  exercisable  over  a  four-year  term.

10.  Revolving  Credit  Facility

     Concurrent  has  a  revolving  credit  facility with a bank that expires on
December  31,  2002  and  which  provides  for borrowings up to $5 million at an
interest  rate of prime (4.75% at December 31, 2001) plus 0.75% or between LIBOR
plus  2.25% and LIBOR plus 3.00% depending on Concurrent's ratio of Consolidated
Funded  Debt  (as  defined  in  the  credit  facility) to EBITDA. Concurrent has
pledged  substantially  all  of  its  assets  as collateral for the facility. No
borrowings  were  outstanding at December 31, 2001 under the credit facility. At
December  31,  2001  the Company was in violation of its EBITDA covenant for the
VOD  division.  This  violation  is  considered a "commitment suspension period"
which  means  Concurrent is unable to borrow under the credit facility until the
EBITDA  covenant  violation  for  the  VOD  division  is  cured.


                                      -11-
<PAGE>
Item 2.    Management's Discussion and Analysis of Financial Condition and
           Results of Operations

Critical Accounting Policies and Estimates

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

     Concurrent  recognized  the  value of the Initial Warrant as a reduction of
revenue  in the quarter ended March 31, 2001. Concurrent recognizes the value of
Performance  Warrants and Cliff Warrants as a reduction of 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
option-pricing  model.  The  weighted  assumptions  used  for  the quarter ended
December  31, 2001 were: expected dividend yield - 0%; risk free interest rate -
4.08%;  expected  life  - 4 years; expected volatility - 123.8%. Concurrent will
adjust  the value of the earned but unissued warrants on a quarterly basis using
the  Black-Scholes  option-pricing 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 option-pricing
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  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 option-pricing model and cannot
exceed  888,888  shares  for  every  $30 million of revenue from the sale of VOD
servers  using the SAI platform. The value of these warrants cannot impact gross


                                      -12-
<PAGE>
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.

   Warranty Accrual/Maintenance Revenue Deferral

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

   Inventory Valuation Reserves

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

   Impairment of Goodwill

     At  December  31,  2001,  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 theses 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. Any subsequent impairment losses, if any, will be
reflected  in  operating  income  in  the  income  statement.

   Valuation of Deferred Tax Assets

     In assessing the realizability of deferred tax assets, management considers
whether  it is more likely than not that some portion or all of the deferred tax
assets  will  be  realized.  The  ultimate realization of deferred tax assets is
dependent  upon  the  generation  of future taxable income during the periods in
which  those  temporary  differences  become  deductible.  At  June 30, 2001 and
December  31, 2001, 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.


                                      -13-
<PAGE>
Selected Operating Data as a Percentage of Total Revenue

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

<TABLE>
<CAPTION>
                                                    THREE MONTHS ENDED       SIX MONTHS ENDED
                                                        DECEMBER 31,           DECEMBER 31,
                                                  ----------------------  ----------------------
                                                     2001        2000        2001        2000
                                                  ----------  ----------  ----------  ----------
                                                        (Unaudited)             (Unaudited)
<S>                                               <C>         <C>         <C>         <C>
Net sales:
  Product sales (% of total sales):

    Real-time systems                                  21.6 %      46.4 %      27.9 %      37.1 %
    Video-on-demand systems                            55.3        12.6        43.6        23.6
                                                  ----------  ----------  ----------  ----------
      Total product sales                              76.9        59.0        71.4        60.7
  Service and other                                    23.1        41.0        28.6        39.3
                                                  ----------  ----------  ----------  ----------
      Total                                           100.0       100.0       100.0       100.0

Cost of sales (% of respective sales category):
  Real-time and video-on-demand systems                54.6        54.1        54.4        54.5
  Service and other                                    57.1        54.2        55.6        52.7
                                                  ----------  ----------  ----------  ----------
     Total                                             55.2        54.2        54.8        53.8
                                                  ----------  ----------  ----------  ----------

Gross margin                                           44.8        45.8        45.2        46.2

Operating expenses:
  Sales and marketing                                  18.6        28.0        22.8        26.4
  Research and development                             16.3        19.4        19.5        17.7
  General and administrative                            9.7        26.0        11.2        20.2
                                                  ----------  ----------  ----------  ----------
      Total operating expenses                         44.6        73.3        53.4        64.3
                                                  ----------  ----------  ----------  ----------

Operating income (loss)                                 0.3       (27.5)       (8.2)      (18.1)

Interest income - net                                   0.9         0.2         1.1         0.1
Other expense - net                                    (0.2)       (0.3)       (0.2)       (0.3)
                                                  ----------  ----------  ----------  ----------

Income (loss before income taxes)                       0.9       (27.6)       (7.3)      (18.3)

Provision for income taxes                              0.7         1.0         0.8         1.0
                                                  ----------  ----------  ----------  ----------
Net income (loss)                                       0.2 %     (28.6)%      (8.1)%     (19.3)%
                                                  ==========  ==========  ==========  ==========
</TABLE>


                                      -14-
<PAGE>
RESULTS  OF  OPERATIONS

THE  QUARTER  ENDED DECEMBER 31, 2001 COMPARED TO THE QUARTER ENDED DECEMBER 31,
2000

     Product Sales.  Total product sales were $17.3 million for the three months
ended December 31, 2001, an increase of $8.7 million or 101.7% from $8.6 million
for  the  three months ended December 31, 2000.  This increase resulted from VOD
product  sales  increasing  by $10.6 million to $12.4 million in the three-month
period  ended  December  31, 2001 from $1.8 million for the same period in 2000.
The increase in VOD product sales is due to the increase in VOD server purchases
from  a single domestic cable operator, which accounted for approximately 95% of
VOD  system  revenue  in the quarter ended December 31, 2001. Sales of real-time
products  decreased  27.8%  to  $4.9  million  in  the  three month period ended
December 31, 2001 from $6.7 million in the three month period ended December 31,
2000,  primarily  due  to  an  order  from  AAI  Corporation  in  fiscal 2001 of
approximately  $2  million  which  was  not  repeated  in  fiscal  2002.

     Service and Other Sales.  Service and other sales decreased $0.8 million or
12.9%  to  $5.2  million  for the three months ended December 31, 2001 from $6.0
million  for  the  three  months  ended December 31, 2000.  The decline resulted
primarily  from  customers  switching  from  proprietary  real-time  systems  to
Concurrent's  open  systems  which  are  less  expensive  to  maintain,  and the
cancellation of other proprietary computer maintenance contracts as the machines
are  removed  from  service.

     Gross  Margin.  The  gross  margin increased 51.3% to $10.1 million for the
three  months  ended  December  31,  2001 from $6.7 million for the three months
ended December 31, 2000.  The gross margin as a percentage of sales decreased to
44.8%  in the three month period ended December 31, 2001 from 45.8% in the three
month  period  ended December 31, 2000 primarily due to higher VOD sales volume,
which  has  lower  margins  than  real-time  systems.  VOD product gross margins
increased  to 41.2% in the three month period ended December 31, 2001 from 37.9%
in the three month period ended December 31, 2000, due to increased sales volume
and  certain  fixed  customer service and support costs being spread over higher
VOD  sales.   As  revenue  from  sales of VOD servers continues to increase as a
percentage  of  total  revenue,  overall  gross  margins will move closer to the
margins  realized  on sales of its VOD servers.  Real-time product gross margins
increased  to  56.3% for the three months ended December 31, 2001 from 48.0% for
the  three months ended December 30, 2000 primarily due to an increase in higher
margin  product  sales  to one particular customer.  The gross margin on service
and  other  sales declined to 42.9% for the three months ended December 31, 2001
from 45.8% for the same period in 2000 because, as service revenues continued to
decline,  service expenses were unable to be reduced pro-rata in order to ensure
quality  service  and  fulfill  contractual  agreements.

     Sales  and  Marketing.  Sales  and  marketing  expenses  decreased  as  a
percentage  of  sales to 18.6% for the three months ended December 31, 2001 from
28.0%  for  the  three months ended December 31, 2000.  These expenses increased
slightly  to $4.2 million in the three month period ended December 31, 2001 from
$4.1 million in the three month period ended December 31, 2000, primarily due to
a  $0.3  million  increase  in domestic VOD sales and marketing personnel costs.
This  increase  was partially offset by a $0.1 million decrease in international
severance  expense  and  a  $0.1  million  reduction  in international real-time
marketing  personnel  costs.

     Research and Development.  Research and development expenses decreased as a
percentage  of sales to 16.3% for the three month period ended December 31, 2001
from  19.4%  for  the three month period ended December 31, 2000. These expenses
increased to $3.7 million in the three month period ended December 31, 2001 from
$2.8  million in the three month period ended December 31, 2000 due to personnel
additions  in  both  the real-time and VOD research and development departments.
The Real-Time Division's research and development expense increased $0.3 million
due  to  additional  resources  required  for development of the new Linux based
real-time  operating system.   The VOD Division also added new development staff
in  the  fourth quarter of fiscal year 2001 and the first two quarters of fiscal
year  2002  to  focus  on  TV  Guide  version  16.82  integration,  targeted and
interactive  advertising  integration,  and development of Concurrent's personal
video channel (pTV(TM)) technology.  The additional VOD research and development
personnel  resulted in an increase of $0.5 million during the three months ended
December  31,  2001  when  compared  to  the  same  period  in  the  prior year.


                                      -15-
<PAGE>
     General  and Administrative.  General and administrative expenses decreased
as  a  percentage  of sales to 9.7% for the three months ended December 31, 2001
from  26.0%  during the same period in the prior year.  These expenses decreased
to  $2.2  million  in  the  three-month period ended December 31, 2001 from $3.8
million  in  the  same  period  ended December 31, 2000, primarily due to a $1.2
million  severance  charge recorded in the three-month period ended December 31,
2000.  In  addition, after the July 1, 2001 implementation of SFAS 142, goodwill
relating  to  the  acquisition of Vivid Technology, Inc. is no longer amortized.
Discontinuation  of this goodwill amortization expense decreased VOD general and
administrative expense by $0.3 million for the three-month period ended December
31,  2001  versus  the  same  period  in  the  prior  year.

     Interest  Income  (Expense).  Included in interest income (expense) for the
three  month  period  ended December 31, 2001 is $0.2 million of interest income
earned  on  the net proceeds from the private placement of 5.4 million shares of
common  stock  that  was  completed  in  July  2001.

     Income  Taxes.  Concurrent  recorded  income  tax  expense  for its foreign
subsidiaries  of  $150,000 in each of the three month periods ended December 31,
2001  and December 31, 2000 based on pre-tax income of $0.2 million in the three
month  period  ended December 31, 2001 and a pre-tax loss of $4.0 million in the
three  month  period  ended  December  31, 2000, due to the inability to utilize
domestic  net  operating  loss carryforwards to offset taxable income in certain
foreign  locations.

     Net Income (Loss).  Concurrent recorded net income of $0.1 million or $0.00
per  share  for the three months ended December 31, 2001, compared to a net loss
of  $4.2 million or $0.08 loss per share for the three months ended December 31,
2000.

THE SIX MONTHS ENDED DECEMBER 31, 2001 COMPARED TO THE SIX MONTHS ENDED DECEMBER
31, 2000

     Product  Sales.  Total  product sales were $26.1 million for the six months
ended December 31, 2001, an increase of $7.4 million or 39.6% from $18.7 million
for  the  six  months  ended December 31, 2000.  This increase primarily results
from a $8.7 million, or 119.3% increase in VOD product sales to $15.9 million in
the  six  month  period  ended  December 31, 2001 from $7.3 million for the same
period in 2000.  The increase in VOD product sales is due to the increase in VOD
server  purchases  from  a  single  domestic cable operator, which accounted for
approximately 79% of VOD system revenue during the six months ended December 31,
2001.  Sales  of  real-time products decreased 10.9% to $10.2 million in the six
month  period ended December 31, 2001 from $11.4 million in the six month period
ended  December  31,  2000,  primarily  due  to an order from AAI Corporation in
fiscal  2001 of approximately $2 million, which was not repeated in fiscal 2002.

     Service and Other Sales.  Service and other sales decreased $1.7 million or
13.9%  to  $10.4  million  for the six months ended December 31, 2001 from $12.1
million  for  the  six  months  ended  December  31,  2000. The decline resulted
primarily  from  customers  switching  from  proprietary  real-time  systems  to
Concurrent's  open  systems  which  are less expensive to maintain, and from the
cancellation of other proprietary computer maintenance contracts as the machines
are  removed  from  service.

     Gross Margin. The gross margin increased 16.0% to $16.5 million for the six
months  ended  December  31,  2001  from  $14.3 million for the six months ended
December 31, 2000.  The gross margin as a percentage of sales decreased to 45.2%
for  the six month period ended December 31, 2001 compared to 46.2% for the same
period  ended  December 31, 2000 primarily due to higher VOD sales volume, which
has lower margins than real-time systems. VOD product gross margins decreased to
39.8% in the six month period ended December 31, 2001 from 40.7% during the same
period  ended  December  31,  2000  due to the $0.7 million reduction in revenue
during  the six months ended December 31, 2001 from warrants accrued for but not
yet  issued  to  Comcast (see footnote 9 to the condensed consolidated financial
statements).  Real-time  product  gross  margins  increased to 54.6% for the six
months  ended  December  31,  2001  compared  to  48.5% for the six months ended


                                      -16-
<PAGE>
December 31, 2000 primarily due to an increase in higher margin product sales to
one  particular  customer.  The gross margin on service and other sales declined
to  44.4%  for  the six months ended December 31, 2001 compared to 47.3% for the
same  period  in 2000 because, as service revenues continued to decline, service
expenses  were  unable to be reduced pro-rata in order to ensure quality service
and  fulfill  contractual  agreements.

     Sales  and  Marketing.  Sales  and  marketing  expenses  decreased  as  a
percentage  of  sales  to  22.8% for the six months ended December 31, 2001 from
26.4%  for  the  six  months  ended December 31, 2000.  These expenses increased
slightly  to  $8.3  million in the six month period ended December 31, 2001 from
$8.1 million in the six month period ended December 31, 2000, primarily due to a
$0.6 million increase in domestic VOD sales and marketing personnel costs.  This
increase  was  partially  offset  by  a  $0.4  million decrease in international
real-time  sales  and  marketing  expense  due  to  a  $0.2  million decrease in
severance  expense  and  a  $0.2  million  reduction  of international real-time
marketing  personnel  costs.

     Research and Development.  Research and development expenses increased as a
percentage  of  sales  to 19.5% for the six month period ended December 31, 2001
from  17.7%  for  the  six month period ended December 31, 2000.  These expenses
increased  to  $7.1 million in the six month period ended December 31, 2001 from
$5.4  million  in  the six month period ended December 31, 2000 due to personnel
additions  in  both  the real-time and VOD research and development departments.
The Real-Time Division's research and development expense increased $0.6 million
due  to  additional  resources  required  for development of the new Linux based
real-time operating system. The VOD division also added new development staff in
the fourth quarter of fiscal year 2001 and the first two quarters of fiscal year
2002  to  focus  on TV Guide version 16.82 integration, targeted and interactive
advertising  integration, and development of Concurrent's personal video channel
(pTV(TM))  technology.  The  additional  VOD  research and development personnel
resulted  in  an increase of $1 million during the six months ended December 31,
2001  compared  to  the  same  period  in  the  prior  year.

     General  and  Administrative. General and administrative expenses decreased
as  a  percentage  of sales to 11.2% for the six-month period ended December 31,
2001  from  20.2%  for  the  six-month  period December 31, 2000. These expenses
decreased  to  $4.1  million in the six months ended December 31, 2001 from $6.2
million  in  the  same  period  ended December 31, 2000, primarily due to a $1.2
million  severance  charge  recorded  in the six-month period ended December 31,
2000.  In  addition, after the July 1, 2001 implementation of SFAS 142, goodwill
relating  to  the  acquisition of Vivid Technology, Inc. is no longer amortized.
Discontinuation  of this goodwill amortization expense decreased VOD general and
administrative  expense  by  $0.6  million for the six months ended December 31,
2001  compared  to  the  same  period in the prior year. Furthermore, accounting
related  costs  decreased  $0.2  million  primarily  due  to  consolidation  of
accounting  departments  that  existed in both Duluth, GA and Ft. Lauderdale, FL
during  part  of  the  six  months  ended  December  31,  2000.

     Interest  Income  (expense).  Included in interest income (expense) for the
six  month  period  ended  December  31, 2001 is $0.4 million of interest income
earned  on  the net proceeds from the private placement of 5.4 million shares of
common  stock  that  was  completed  in  July  2001.

     Income  Taxes.  Concurrent  recorded  income  tax  expense  for its foreign
subsidiaries  of  $300,000  in  each of the six month periods ended December 31,
2001  and  December 31, 2000 on pre-tax losses of $2.7 million and $5.7 million,
respectively,  due  to  the inability to recognize the future tax benefit of the
respective  periods'  net  operating  loss.

     Net  Loss.  Concurrent  recorded  a  net  loss of $3.0 million or $0.05 per
share for the six months ended December 31, 2001, compared to a net loss of $6.0
million  or  $0.11  per  share  for  the  six  months  ended  December 31, 2000.


                                      -17-
<PAGE>
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  actual  versus  anticipated  decline  in  sales  of  real-time
           proprietary  systems  and  service  maintenance revenue;
     -     Revenues  from  open  real-time  systems;
     -     Revenue  growth  from  VOD  systems;
     -     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 and
           which receivables  are  not  included  in  the  borrowing base of the
           revolving credit  facility;  and
     -     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.

     Concurrent  used  cash  of  $6.2  million  and  $4.8  million  in operating
activities during the six month periods ended December 31, 2001 and December 31,
2000,  respectively,  primarily  due to the losses generated by Concurrent's VOD
business  and  uses  of  working capital.  Concurrent has available a $5 million
revolving  credit  facility  with Wachovia Bank which expires December 31, 2002.
Borrowings under the facility are limited to 85% of eligible accounts receivable
and  bear interest at prime plus .75% or between LIBOR plus 2.25% and LIBOR plus
3.00% depending on Concurrent's ratio of Consolidated Funded Debt (as defined in
the credit facility) to EBITDA.  Concurrent has pledged substantially all of its
assets  as  collateral  for  the  facility.  No  borrowings  were outstanding at
December  31,  2001  under  the  credit  facility.  The credit facility contains
financial  covenants  which limit the ratio of total liabilities to tangible net
worth  and  which  require  Concurrent  to  achieve on a quarterly basis minimum
EBITDA  in  each  of  Concurrent's  operating  divisions.  At December 31, 2001,
Concurrent  was  in violation of its EBITDA covenant for the VOD division.  This
violation  is  considered  a  "commitment suspension event" and not an "event of
default".  Concurrent  is  currently  in  a "commitment suspension period" which
means  Concurrent is unable to borrow under the credit facility until the EBITDA
covenant  violation  for  the  VOD  division  is  cured.

     Concurrent  invested  $2.3  million and $1.8 million in property, plant and
equipment  during the six-month periods ended December 31, 2001 and December 31,
2000,  respectively.  Current  year  capital  expenditures  primarily  relate to
computer  equipment and development equipment for Concurrent's VOD Division, and
for  real-time  and  VOD  manufacturing  equipment  in  Fort  Lauderdale.

     Concurrent  received $24.0 million in net proceeds from a private placement
of 5.4 million shares of Concurrent's common stock on July 19, 2001.  Concurrent
also  received  $3.3  million from the issuance of common stock to employees and
directors who exercised stock options during both of the six month periods ended
December  31,  2001  and  December  31,  2000,  respectively.

     On  December  31, 2001, Concurrent's working capital was $40.3 million, and
Concurrent  did  not  have  any  material  commitments for capital expenditures.
Concurrent  believes  that  existing  cash  balances  and  funds  expected to be
generated  by  operations  will  be  sufficient to meet Concurrent's anticipated
working capital and capital expenditure requirements for the next twelve months.


                                      -18-
<PAGE>
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  in  this  report,  and  other  written  or  oral
statements  made  by  or  on  behalf  of  Concurrent or its representatives, may
constitute  "forward-looking  statements"  within  the  meaning  of  the federal
securities  laws.  When  used  in  this report, the words "believes," "expects,"
"estimates"  and  similar  expressions  are intended to identify forward-looking
statements.  Statements  regarding  future  events  and  developments  and
Concurrent's  future  performance,  as well as its 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 that could affect
Concurrent's  performance  or  results  include,  without  limitation:

     -     Availability  of  VOD  content;
     -     delays  or  cancellations  of  customer  orders;
     -     changes  in  product  demand;
     -     general  political  and  economic conditions in the United States and
           abroad, including but not limited to, results of the terrorist events
           of September  11,  2001;
     -     various  inventory  risks  due  to  changes  in  market  conditions;
     -     uncertainties  relating  to  the  development  and  ownership  of
           intellectual property;  uncertainties  relating  to  the  ability  of
           Concurrent and other companies to enforce their intellectual property
           rights;
     -     the pricing and availability of equipment, materials and inventories;
     -     the  limited  operating  history  of  the  VOD  segment;
     -     the  concentration  of  Concurrent's  customers;
     -     failure  to  effectively  manage  growth;
     -     delays  in  testing  and  introductions  of  new  products;
     -     rapid  technology  changes;
     -     the  highly competitive environment in which Concurrent operates; and
     -     the  entry  of  new  well-capitalized  competitors  into Concurrent's
           markets  and  other  risks  and  uncertainties.

These  risk  factors  and  other  important  risk  factors  are  discussed  in
Concurrent's  current  report on Form 8-K filed with the Securities and Exchange
Commission  on  October  22,  2001.

     In any one quarter a substantial portion of VOD revenue may be derived from
a single customer.  For the three months and six months ended December 31, 2001,
revenue  from  a  single  customer accounted for 94.7% and 79.0% of VOD revenue,
respectively.  The  single  customer  in  any  given  quarter that makes up such
revenue  may  vary between several different multiple system cable operators. At
June  30, 2001 and December 31, 2001, this same customer made up 26.2% and 61.7%
of  trade  accounts  receivable,  respectively.

     These 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


                                      -19-
<PAGE>
     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 3 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  its  investment  income.

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


Part II   Other Information

Item 2.   Changes in Securities and Use of Proceeds

     On  July  19,  2001,  Concurrent  closed on the sale of 5,400,000 shares of
Common  Stock  to private investors at a price of $4.80 per share.  Net proceeds
to Concurrent, after fees and expenses, were approximately $24 million.  Raymond
James  &  Associates, Inc. acted as placement agent in the sale.  The sale was a
privately  negotiated  sale  to  selected  institutional  investors  and  other
accredited  investors.  The  shares  were  exempt  from  registration  under the
Securities  Act  of  1933  pursuant  to  Section  4(2)  thereof  and Rule 506 of
Regulation D promulgated thereunder.  Concurrent intends to use the proceeds for
working  capital,  sales  and  marketing  activities,  product  development  and
support,  potential  acquisitions  and  investments,  capital  expenditures  and
general  corporate  purposes.  Concurrent  subsequently registered the resale of
all of the shares on a Form S-3 registration statement (no. 333-61172), filed on
May  17,  2001  and  declared  effective  on  July  19,  2001.

ITEM 6.   EXHIBITS AND REPORTS ON FORM 8-K

(a)  Exhibits:

     (11) Statement  on  computation  of  per  share  earnings

(b)  Reports  on  Form  8-K.

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

     -    Current  Report  on  Form  8-K  filed  on October 22, 2001 relating to
          amending  and  restating  the Registration Statement on Form 8-A filed
          with  the  Securities  and  Exchange Commission on January 23, 1986 to
          update  the  description  of Concurrent's capital stock, and to update
          certain  risk  factors  relating  to  Concurrent.

     -    Current  Report  on  Form  8-K  filed  on October 25, 2001 relating to
          financial  results  for  the  quarter  ended  September  30,  2001.


                                      -20-
<PAGE>
                                   SIGNATURES


     Pursuant  to  the  requirements of the Securities Exchange Act of 1934, the
registrant  has duly caused this quarterly report for the quarter ended December
31,  2001  to  be  signed  on  its  behalf  by  the  undersigned  thereunto duly
authorized.


Date:  February 10, 2002         CONCURRENT COMPUTER CORPORATION




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



                                      -21-
<PAGE>