Concurrent Computer Corp. (Nasdaq: CCUR) posted higher earnings for the second quarter of fiscal 2004, the company reported Thursday.

Net income was $1.2 million on $22.6 million in revenue in the second quarter, compared with a net loss of $4.7 million on $20.1 million in revenue in the same period of 2003. Earnings were 2 cents a share in the second quarter, compared with a loss per share of 8 cents in the second quarter of 2003.

“We are pleased with our second quarter results–” said Jack Bryant, Concurrent president and chief executive officer, “and remain encouraged by the increased level of activity we are seeing across our existing and expanding base of customers.”

On Friday, Roth Capital upgraded CCUR from “Sell” to “Neutral,” while Raymond James downgraded it from “Strong Buy” to “Market Perform.” In early morning trading, shares of CCUR were down almost 8 percent, or 42 cents, to $4.94 from its Thursday close of $5.36.

Concurrent: www.ccur.com