Comtech Telecom (CMTL) Tops Q1 EPS by 5c
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Comtech Telecommunications Corp. Announces Results for First Quarter of Fiscal 2017 and Confirms Its Fiscal 2017 Guidance
December 7, 2016 4:16 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 7, 2016--Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first quarter ended October 31, 2016 and confirmed its fiscal 2017 guidance.
Fiscal 2017 First Quarter Highlights
Net sales for the three months ended October 31, 2016 were $135.8 million compared to $64.1 million for the three months ended October 31, 2015. The period-over-period increase in net sales reflects incremental sales of approximately $78.0 million as a result of the February 23, 2016 acquisition of TeleCommunication Systems, Inc. ("TCS"), partially offset by lower sales of legacy Comtech products. Backlog as... More