View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
  2. Data Centre
September 15, 2010

Globecomm Q4 revenues up 42.7% to $70.2m

Expects FY11 revenues between $290m and $305m

By CBR Staff Writer

Globecomm Systems has reported total revenues of $70.26m for the fourth quarter of the fiscal 2010, an increase of 42.7% compared to $49.23m of the same quarter prior year.

The company’s operating income for the quarter was $4.28m as compared to $0.98m for the same period last year.

For the quarter ended 30 June 2010, the company posted a net income of $4.01m, or $0.19 per share, as compared to $0.98m, or $0.05 per share, for the same period last year.

For the full fiscal year 2010, Globecomm reported revenues of $227.8m as compared to $170.2m last year.

The net income for FY10 was $7.9m as compared to $3.3m.

Globecomm chairman and CEO David Hershberg said that balance sheet remains strong and the company will continue to make strategic acquisitions and make strategic investments internally to expand its products portfolio and capabilities for all market verticals.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

The company expects revenues for fiscal year ending 30 June 2011, to be between $290m and $305m and adjusted EBITDA between $28m and $29m.

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.