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08.11.2017 22:10
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ViaSat Announces Second Quarter Fiscal Year 2018 Results
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PR Newswire
CARLSBAD, Calif., Nov. 8, 2017
CARLSBAD, Calif., Nov. 8, 2017 /PRNewswire/ -- ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, today announced financial results for the fiscal second quarter ended September 30, 2017.
"Results for our second quarter were consistent with the objectives we established for this fiscal year," said Mark Dankberg, ViaSat chairman and CEO. "Government Systems revenue, operating profit and Adjusted EBITDA growth continued to be very strong, driven by broadband mobility, tactical data links, and information assurance and cyber security. In-flight connectivity investments delivered key milestones with new customers including American Airlines and Qantas that clear the way for rapid growth in airplanes in service in the quarters ahead. We are very pleased that JetBlue has expanded their relationship with us in order to gain coverage with ViaSat-2, and to foster even greater passenger engagement with their award winning Fly-Fi® service. ViaSat-2 orbit raising is almost complete, and we are positioning our services portfolio to reflect its capabilities. Residential ARPU continued to grow to record levels, reflecting strong demand, as we introduced more plans with higher speed and greater bandwidth on our existing satellites."
| Financial Results | ||||||
| (In millions, except per share data) | Q2 FY18 | Q2 FY17 | Year- | First 6 FY18 | First 6 FY17 | Year- |
| Revenues | $ 393.1 | $ 399.2 | (1.5)% | $ 773.1 | $ 762.3 | 1.4% |
| Net (loss) income1 | $ (13.7) | $ 11.0 | * | $ (22.7) | $ 12.9 | * |
| Non-GAAP net income1 | $ 5.2 | $ 20.3 | (74.2)% | $ 7.8 | $ 31.6 | (75.5)% |
| Adjusted EBITDA | $ 61.9 | $ 93.2 | (33.5)% | $ 123.1 | $ 173.4 | (29.0)% |
| Diluted per share net (loss) income1 | $ (0.24) | $ 0.22 | * | $ (0.39) | $ 0.26 | * |
| Non-GAAP diluted per share net income1 | $ 0.09 | $ 0.40 | (77.5)% | $ 0.13 | $ 0.63 | (79.4)% |
| Fully diluted weighted average shares2 | 58.2 | 50.5 | 15.2% | 58.0 | 50.4 | 15.2% |
| | | | | | | |
| New contract awards | $ 384.8 | $ 586.1 | (34.3)% | $ 826.6 | $ 922.4 | (10.4)% |
| Sales backlog3 | $ 1,078.9 | $ 1,091.4 | (1.1)% | $ 1,078.9 | $ 1,091.4 | (1.1)% |
| * Percentage not meaningful. |
| Segment Results | ||||||
| (In millions) | Q2 FY18 | Q2 FY17 | Year- | First 6 FY18 | First 6 FY17 | Year- |
| Satellite Services | | | | | | |
| New contract awards | $ 147.7 | $ 149.2 | (1.0)% | $ 299.0 | $ 291.0 | 2.8% |
| Revenues | $ 147.6 | $ 156.3 Werbung Mehr Nachrichten zur ViaSat Inc Aktie kostenlos abonnieren
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