WOW I bet you guys feel like dummy's uh?:river
http://www.hughes.com/HUGHES/Doc/0/...6A/HCI.Q1.earnings.release.Final.05-10-07.pdf
Hughes Communications, Inc. First Quarter 2007 Revenues Increase 13% over First Quarter 2006 to a Record $223 million;
Hughes Network Systems, LLC EBITDA Increases 54% to $25 million, Adjusted EBITDA Increases 48% to $26 million, Order Bookings Increase 84% to $277 million.
“HNS had strong all-round financial performance in the first quarter of 2007, setting new records for revenue, operating income, EBITDA, and orders,” said Pradman Kaul, president and chief executive officer. “Revenues increased by 13% over the first quarter of 2006 to $223 million, operating income by a healthy 45% to $13 million, EBITDA by 54% to $25 million and Adjusted EBITDA by 48% to $26 million. HNS also recorded net income of $4 million in the first quarter of 2007, compared to breaking even in the first quarter of 2006.”
“Once again, the major contributors to revenue growth were our consumer/SMB and mobile satellite businesses,” said Kaul. “Over 41,000 new subscribers were activated in the first quarter of 2007, resulting in the consumer/SMB subscriber base growing to 346,000 at March 31, 2007 for a growth of 19% over the subscriber base at March 31, 2006, and a sequential growth of 6% over the subscriber base at December 31, 2006. Revenue in the consumer/SMB business grew by 16% over first quarter 2006 to $81 million. Revenue from our mobile satellite business showed strong growth of 117% to $26 million in the first quarter of 2007 over first quarter 2006. Our North American and International enterprise businesses continued their steady revenue contribution with growth of 3% over first quarter of 2006.”
Kaul continued, “We booked orders of $277 million in the first quarter of 2007 for a strong 84% growth over the first quarter of 2006. Our North America enterprise business obtained significant orders from CVS, Safeway, The Texas Department of Safety, GTECH, A.G. Edwards, Yum Brands, Concord, Dollar Tree, and Destin Media. In our International enterprise business, we were awarded significant orders by BP, GM, Micro Tech, Indian Space Research Organization, Amazon State Education Department, and Telefonica Brazil. In our Mobile Satellite business, we obtained significant orders from Terrestar.”
They are doing so bad I guess I need to start looking for a new job.