ViaSat announces financial results for Q2 fiscal 2010

Satellite and digital communication products provider ViaSat Inc (Nasdaq:VSAT) announced on Thursday its financial results for Q2 of fiscal year 2010.

The company said that the financial results for the quarter include new contract awards of USD225.7m, revenues of USD160.7m and non-GAAP diluted net income per share of USD0.40, or USD0.28 per share on a diluted GAAP basis.

Year-to-date, the company reported new contract awards of USD346.3m, total revenues of USD319.1m and non-GAAP diluted net income per share of USD0.73, or USD0.53 per share on a diluted GAAP basis.

The company's Government Systems segment posted quarterly revenues of USD102.8m, a 5.6% increase over Q2 of fiscal year 2009. New contract awards in the Government Systems segment for Q2 of fiscal year 2010 were USD118.1m.

For the Commercial Networks segment, revenues were USD54.4m for the quarter, an 8.2% decrease from the same quarter of fiscal 2009. New contract awards in the company's Commercial Networks segment for Q2 of fiscal year 2010 were USD93.5m.

ViaSat's Satellite Services segment contributed revenues of USD3.5m for the quarter, a 26.3% increase from Q2 of fiscal year 2009. New contract awards in the Satellite Services segment for the quarter were USD14.1m.

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