Comtech Telecom (CMTL) Tops Q2 EPS by 24c

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Comtech Telecommunications Corp. Announces Results for Fiscal 2019 Second Quarter and Updates Its Fiscal 2019 Guidance

March 6, 2019 4:19 PM EST

MELVILLE, N.Y.--(BUSINESS WIRE)-- March6, 2019 -- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January31, 2019 and updated its fiscal 2019 guidance.

Fiscal 2019 Second Quarter Highlights

Net sales for the second quarter of fiscal 2019 were $164.1 million as compared to the $133.7 million achieved during the second quarter of fiscal 2018, representing an increase of $30.4 million, or 22.7%. Bookings during the second quarter of fiscal 2019 were $123.3 million, with a company-wide book-to-bill ratio (a measure defined as bookings divided by net sales) of... More