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Satnews Daily
November 7th, 2008

Financially Speaking... ViaSat Inc...


ViaSat Inc. (NASDAQ: VSAT) has revealed their financial results for the second quarter of fiscal year 2009. The fiscal second quarter results include record net new contract awards of $255.5 million, record revenues of $159.3 million, and non-GAAP diluted net income per share of $0.39 or $0.29 per share on a diluted GAAP basis. Year-to-date, ViaSat reported net new contract awards of $461.4 million, total revenues of $312.2 million and non-GAAP diluted net income per share of $0.68 or $0.49 per share on a diluted GAAP basis. “ViaSat delivered an outstanding second quarter with new records in revenue and contract awards powered by growing adoption of our products in the defense markets,” said Mark Dankberg, CEO and chairman of ViaSat. “Certainly, the strong new order flow improves visibility and confidence in our growth outlook in what might otherwise be an uncertain environment. Plus, we are enthusiastic about the longer term strategic significance of recent awards and program achievements in information assurance, defense satellite communications, and both consumer and mobile broadband.”

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