Comtech Telecom (CMTL) Tops Q4 EPS by 2c; Guides In-Line
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Comtech Telecommunications Corp. Announces Results for Fiscal 2017 Fourth Quarter and Full Year and Provides Fiscal 2018 Guidance
September 27, 2017 4:16 PM EDTMELVILLE, N.Y.--(BUSINESS WIRE)-- September 27, 2017-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the fourth quarter and fiscal year ended July 31, 2017. The Company also announced financial targets for its 2018 fiscal year.
2017 Fourth Quarter Highlights
Net sales for the three months ended July 31, 2017 were $147.8 million as compared to $152.4 million for the three months ended July 31, 2016. Comtech achieved a company-wide book-to-bill ratio (a measure defined as bookings divided by net sales) of 0.90. As of July 31, 2017, the Company had backlog of $446.2 million.... More