Via SkyReport: 11-May-07
HUGHES COMMUNICATIONS reported first quarter revenues increased 13 percent year-over-year to tally a record $223 million. The company's Hughes Network Systems division increased its EBITDA 54 percent to $25 million with an adjusted EBITDA increase of 48 percent to $26 million. Hughes also said its order bookings is surging with a whopping 84 percent increase to $277 million.
Company President and CEO Pradman Kaul said the major contributors to Hughes' revenue growth were the consumer/SMB and mobile satellite businesses. The company said more than 41,000 new subscribers were activated during the first three months of 2007, growing its sub base by 19 percent to 346,000.