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Satnews Daily
November 07, 2009
ViaSat... Financially Speaking...
ViaSat Inc. (NASDAQ: VSAT) has announced financial results for the second quarter of fiscal year 2010 include new contract awards of US$225.7 million, revenues of US$160.7 million and non-GAAP diluted net income per share of US$0.40, or US$0.28 per share on a diluted GAAP basis. Year-to-date, ViaSat reported new contract awards of US$346.3 million, total revenues of US$319.1 million and non-GAAP diluted net income per share of US$0.73, or US$0.53 per share on a diluted GAAP basis.
"Our fiscal second quarter featured very good operating earnings from our government and commercial equipment businesses and exceptionally strong new business orders — especially in strategically important markets including defense mobile broadband, information assurance, and Ka-band broadband,” said Mark Dankberg, chairman and CEO. “We also reached a major strategic milestone through a definitive agreement to acquire WildBlue Communications. The planned acquisition enables us to integrate the compelling bandwidth capacity of the upcoming ViaSat-1 satellite into WildBlue’s existing distribution and fulfillment resources.” To read the entire financial report, access this direct link.
