Comtech Telecom (CMTL) Tops Q4 EPS by 4c
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October 6, 2016 5:31 PM EDT
MELVILLE, N.Y.--(BUSINESS WIRE)--
October 6, 2016--Comtech Telecommunications Corp. (NASDAQ: CMTL) today
reported its operating results for the fourth quarter and fiscal year
ended July 31, 2016. The Company also announced financial targets for
its 2017 fiscal year.
2016 Fourth Quarter Highlights
Net sales for the three months ended July 31, 2016 were $152.4 million
compared to $77.5 million for the three months ended July 31, 2015.
The period-over-period increase in net sales reflects incremental
sales of approximately $85.4 million as a result of the acquisition of
TeleCommunication Systems, Inc. ("TCS"), partially offset by lower
sales of legacy Comtech products. As previously...
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