Comtech Telecom (CMTL) Tops Q1 EPS by 16c, Updates FY Guidance
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Comtech Telecommunications Corp. Announces Results for Its Fiscal 2020 First Quarter and Updates Fiscal 2020 Guidance
December 4, 2019 4:01 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- December 4, 2019-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the first fiscal quarter ended October 31, 2019 and updated its fiscal 2020 guidance.
Fiscal 2020 First Quarter Highlights
Net sales for the first quarter of fiscal 2020 were $170.3 million as compared to the $160.8 million achieved during the first quarter of fiscal 2019, representing an increase of $9.5 million, or 5.9%. Bookings during the first quarter of fiscal 2020 were $135.6 million, with a company-wide book-to-bill ratio of 0.80. Backlog as of October 31, 2019 was... More