Globecomm Systems Inc. reported revenues of $126 million in its 2006 fiscal year, up 15 percent from revenues of $109.6 million in 2005, the company announced Sept. 12. Net income slipped from $4.8 million in 2005 to $4.5 million in 2006, which closed June 30.

Globecomm credited the improvement to increase in revenues from data communication services, which jumped 48 percent to $28.1 million due to increases in telephony, VSAT multimode, and Internet and data along with an increase in life cycle support services. Revenues from ground segment systems, networks and enterprise solutions increased 8 percent to $97.9 million driven primarily by government demand.

“The execution of Globecomm’s one-stop-shop strategy was showcased in fiscal 2006 more than ever,” David Hershberg, the company’s chairman and CEO, said in a statement. “The ability to design, install, maintain and service mission critical networks was the driving force behind these contract wins as many companies are beginning to outsource strategic core components of major networks. These types of awards provide steady revenue streams and validate the company’s ability to effectively execute mission critical programs on a long-term basis. Globecomm enters fiscal 2007 anticipating record revenues and profits.”