VSAT Tops Its Previous Numbers
ViaSat Inc. posted record revenues of $131.5 million in its 2007 second quarter, up from revenues of $104.1 million in the same period a year ago, the company announced Nov. 2. ViaSat’s profits improved from $6 million to $6.5 million over the same period.
The government segment had revenues of $70 million in the 2007 second quarter, which closed Sept. 29, up 42 percent from the 2006 second quarter. ViaSat attributed the gains to growth in tactical data link products. The commercial segment posted revenues of $61.5 million, up 8 percent due to consumer broadband sales growth.
ViaSat captured contracts valued at $141.4 million, with the government segment accounting for $68.2 million and the commercial segment contributing $73.2 million.