ViaSat, Inc. revealed record revenue for the fourth quarter and 2013 fiscal year financial results. The satellite and wireless networking systems and services giant, disclosed a 28 percent growth in revenues compared with last year's fourth quarter.
Exede, ViaSat's satellite internet service, attained new contract subscribers and installations of $227.1 million to create a $308.7 million in revenue.
"We ended our fourth quarter and fiscal year 2013 with strong top line growth across all our business segments, including Government Systems despite severe budget pressures," said Mark Dankberg,chairman and CEO of ViaSat, who added that gains in broadband subscribers and a 36 percent jump in contract awards helped pushrevenues above the $1 billion mark.
"We've passed the 500,000 subscriber milestone and are reaching important earnings inflection points," he added. "We are pleased with our progress and believe we are seeing strong confirmation of our technology strategy across each of our markets."
Exede, ViaSat's satellite internet service, attained new contract subscribers and installations of $227.1 million to create a $308.7 million in revenue.
"We ended our fourth quarter and fiscal year 2013 with strong top line growth across all our business segments, including Government Systems despite severe budget pressures," said Mark Dankberg,chairman and CEO of ViaSat, who added that gains in broadband subscribers and a 36 percent jump in contract awards helped pushrevenues above the $1 billion mark.
"We've passed the 500,000 subscriber milestone and are reaching important earnings inflection points," he added. "We are pleased with our progress and believe we are seeing strong confirmation of our technology strategy across each of our markets."