Third quarter revenues reached $347.8 million, fueled by record revenues in Satellite Services and Government Systems segments.
CARLSBAD, Calif., Feb. 9, 2016 /PRNewswire/ — ViaSat Inc. (NASDAQ: VSAT), a global broadband services and technology company, today announced financial results for the fiscal third quarter ended December 31, 2015.
“Our third quarter results show strong revenue and earnings growth in Satellite Services and Government Systems segments – driven from our ability to create value in broadband markets through superior bandwidth economics,” said Mark Dankberg, ViaSat chairman and CEO. “With revenues, earnings and margins still rising four years after ViaSat-1 entered service, it’s clear that leading the global industry in satellite network capacity efficiency offers compelling growth prospects for ViaSat. Our new launch agreement with Arianespace builds greater confidence in bringing ViaSat-2 into service by our mid-2017 calendar year target. With double the productivity of any other satellite broadband system, ViaSat-2 provides the resources to improve our services; grow revenues, earnings and margin; expand our addressable consumer market; and further accelerate our momentum in global mobility. The ViaSat-3 class satellites are even more transformational. With total network capacity and data delivery costs that are expected to be approximately four times better than ViaSat-2, ViaSat-3 will be the world’s first Terabit per second satellite – offering global connectivity with unrivaled economics and coverage flexibility.”