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Globecomm Revenues Up On Continued Government Demand
Globecomm Systems Inc. reported revenue of $29.6 million in the company’s first quarter 2006, up 16 percent from revenue of $25.5 million in the same period a year ago, Globecomm announced Nov. 2. Globecomm attributed the increase to increased infrastructure sales in the U.S. Government and governmental agencies marketplace.
Globecomm posted a profit of $800,000 in the most recent quarter, which ended Sept. 30. In the first quarter 2005, the company posted a profit of $2.2 million, which included a one-time gain of $1.9 million relating to a recovery from a client.
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