Satellite communications service provider SpeedCast today announced strong half year 2015 results for the period of January through June 2015, demonstrating double digit year-on-year growth across all major P&L metrics.
Statutory revenues grew 32% to US$ 71.7 million. Compared with 1H 2014 pro forma revenue, which includes the full period impact of acquisitions completed in 2014, total revenue grew 23%, with core service revenues growing 32% over the same period.
The 225th launch of the Ariane 5 rocket successfully placed two telecommunication satellites, Eutelsat 8 and Intelsat 34 in geostationary transfer orbits on August 20, following lift off from the European spaceport in Kourou, French Guiana.
Gilat Satellite Networks Ltd. (NASDAQ, TASE: GILT), a provider of satellite networking technology, solutions and services, today reported its results for the second quarter ended June 30, 2015.
Key Financial Updates:
Revenues for the second quarter of 2015 were US$ 44.3 million compared to US$ 45.2 million in the first quarter of 2015 and US$ 54.1 million in the comparable period of 2014.
The National Association of Broadcasters (NAB) announced today that Steve Mosko, Sony Pictures Television president, will participate in the opening keynote conversation at NAB’s Content and Communications World (CCW) on Wednesday, November 11. CCW will be held November 11-12 in New York City.
Panasonic Corporation today announced that it has completed its acquisition of ITC Global, a leading provider of satellite communication services for the energy, mining, and maritime markets.
Founded in 2001 with regional headquarters in Houston, Texas; Sion, Switzerland; and Perth, Australia, ITC Global serves customers at more than 1,200 remote sites across 70 countries and all the world's oceans. Panasonic, through its subsidiary Panasonic Avionics Corporation, is a leading provider of inflight communications and entertainment systems to the aviation market.
ViaSat Inc. (NASDAQ: VSAT) announced financial results for the fiscal first quarter ended June 30, 2015. Fiscal first quarter Adjusted EBITDA grew nearly 30% year-over-year to US$ 77.5 million. Revenues grew to $344.4 million, up 8% from the prior year period.
"We're off to a good start in fiscal year 2016 as our focus on attractive bandwidth economics delivers results in multiple applications," said Mark Dankberg, ViaSat chairman and CEO.
EchoStar Corporation (NASDAQ: SATS) today reported total revenue of US$ 794 million for the quarter ended June 30, 2015 compared to US$ 880 million for the corresponding period in 2014. Net income attributable to EchoStar common stock was US$ 33.9 million and diluted earnings per share was $0.36 for the quarter ended June 30, 2015, compared with net income attributable to EchoStar common stock of US $33.8 million and diluted earnings per share of $0.36 during the corresponding period in 2014.
Inmarsat plc (LSE: ISAT.L) reported continued mobile satellite services business growth for the half year ended 30 June 2015. Total revenues were US$616.2 million (2014: US$ 652.3 million). Revenues from LightSquared was US $35.0 million (2014: US$ 47.1 million). Wholesale MSS revenues were US$ 403.8m, up +4.2% (2014: US$ 387.6 million).
Total EBITDA ws US$ 342.7 million (2014: US$ 369.7 million) and frofit after tax was US$ 131.6 million (2014: US$ 136.7 million).
Orbital ATK, Inc. (NYSE: OA) today announced both GAAP and adjusted financial results for the second calendar quarter ended July 5, 2015. Orbital ATK reported GAAP revenues of US$ 1,130 million for the second quarter of 2015 compared to US$ 714 million in the same quarter in 2014.
Rockwell Collins has acquired Newport News, Virginia-based International Communications Group (ICG), a leading provider of satellite-based global voice and data communication products and services for the aviation industry.
The initial purchase price was US$ 50 million and additional post-closing consideration of up to US$ 14 million may be paid.