Comtech Telecom (CMTL) Tops Q2 EPS by 39c
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Comtech Telecommunications Corp. Announces Results for the Second Quarter of Fiscal 2017 and Updates Its Fiscal 2017 Guidance
March 8, 2017 4:18 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- March 8, 2017-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2017 and updates its fiscal 2017 guidance.
Fiscal 2017 Second Quarter Highlights
Net sales for the three months ended January 31, 2017 were $139.0 million as compared to $70.3 million for the three months ended January 31, 2016. The period-over-period increase was driven by incremental sales of approximately $75.9 million as a result of the February 23, 2016 acquisition of TeleCommunication Systems, Inc. ("TCS"). Comtech achieved a company-wide book-to-bill... More