Comtech Telecom (CMTL) Tops Q2 EPS by 10c, Offers Guidance
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Comtech Telecommunications Corp. Announces Results for Its Fiscal 2020 Second Quarter and Updates Fiscal 2020 Guidance
March 4, 2020 4:02 PM ESTMELVILLE, N.Y.--(BUSINESS WIRE)-- March 4, 2020-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today reported its operating results for the second fiscal quarter ended January 31, 2020 and updated its fiscal 2020 guidance.
Fiscal 2020 Second Quarter Highlights
Net sales for the second quarter of fiscal 2020 were $161.7 million. Bookings during the second quarter of fiscal 2020 were $151.6 million, with a company-wide book-to-bill ratio of 0.94. Backlog as of January 31, 2020 was $638.3 million. When adding Comtech's backlog and the total unfunded value of certain multi-year contracts that Comtech has received and... More