Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2020 and updated its fiscal 2020 guidance. The company reported net sales for the second quarter of fiscal 2020 were $161.7 million.
Fiscal 2020 Second Quarter Highlights
The Switch the platform for the production and global delivery of live video, today announces the appointment of Robert Szabo-Rowe as Senior Vice President Product Management.
Groung equipment manufacturer Kymeta today announced the appointment of David Geiling as Vice President of Sales, Asia Pacific. In this role, Geiling will be responsible for all direct sales and reseller management for Asia Pacific, including India.
NSR’s latest report, Satellite Capacity Pricing Index, 6th Edition (2020) finds capacity pricing declines decelerating in 2020, with the global mean price index declining by ~13% in Q1 2020, in contrast to ~17% in Q1 2019.
The past year saw major traction in the global space sector from both the government and private sectors. As many governments have taken the initiative to use space as an essential asset for the national economy, satellite applications are making inroads in the space market.
In September 2019, Latin America-based Axesat and Germany-based CETel, two leading companies in the provision of satellite communications solutions, announced a merger to form AXESS Networks. Supported by Aksiom Group Limited, a specialist in the development of high growth technical services companies, the new company has a substantial presence in the Americas, Europe, Middle East and Africa.
This month, Satellite Executive Briefing invited the Chairperson of the Satellite Industry Association (SIA) Stuart Daughtridge to share his views on trends in the industry. Daughtridge is also the Vice President of Advanced Technology for Kratos.
Pay TV revenues in Canada and the US peaked in 2015 at US $112 billion. Digital TV Research forecasts that revenues will fall by US$ 50 billion to US$ 62 billion in 2025.
Mobile Satellite Users Association (MSUA) today announces its 2020 Board of Directors, Board Leadership, and welcomes three new association members. MSUA is a nonprofit association dedicated to promoting satellite mobility innovation and the development of satellite mobility markets worldwide.
Telesat today announced its financial results for the three-month and one-year periods ended December 31, 2019. All amounts are in Canadian dollars and reported under International Financial Reporting Standards (“IFRS”) unless otherwise noted. For the year ended December 31, 2019, Telesat reported consolidated revenue of $911 million, an increase of 1% ($8 million) compared to the same period in 2018.
