Hughes Communications, Inc. (NASDAQ: HUGH) (“Hughes”), a global leader in broadband satellite network solutions and services, has announced financial results for the third quarter ended September 30, 2010. The Q3 2010 financial highlights include...

• Consolidated revenues of $266 million for a 6 percent growth over the third quarter of 2009; growth of 10 percent if revenues from the discontinued contract with Telematics are excluded
• Consolidated services revenues of $202 million for a growth of 15 percent over the third quarter of 2009; 18 percent growth excluding revenues from the discontinued contract with Telematics
• Record Adjusted EBITDA of $61 million, an increase of 38 percent over the third quarter of 2009
• Operating income of $26 million for a 64 percent growth over the third quarter of 2009; Net Income attributable to stockholders of $10.1 million compared to a loss of $2.6 million in the third quarter of 2009; earnings per share (fully diluted) of $0.45 in the third quarter of 2010 compared to a loss per share (fully diluted) of ($0.12) in the third quarter of 2009
• Positive net cash from operating activities of $69 million
• New orders of $549 million for a growth of 164 percent over the third quarter of 2009, with major orders from Barrett Xplore, Rite Aid, Social Security Administration, Dillards, TJ Maxx, Buckeye Pipeline, GETN, and ConocoPhillips in our North America Broadband business; JSC Iskra, GTECH Colombia, Camelot, PrimeNet, VIVO, SEDUC, SREI and Allahabad Bank in our International Broadband business; and Glocom and Harris in our Mobile Satellite business
• Consumer business continues impressive growth trajectory...
• Total revenue increased by 14 percent and services revenue by 19 percent over the third quarter of 2009
• Strong third quarter subscriber gross adds of 49,000 and net adds of 13,000
• Consumer ARPU increased to $75 from $71 in the third quarter of 2009
• Churn improved to 2.2 percent from 2.3 percent in the third quarter of 2009
• Enterprise business growth resumes both domestically and internationally

To read the entire financial report, select this direct link to download the .pdf.