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Comtech Telecommunications Corp. Announces First Quarter Results For Fiscal 1998

December 9, 1997 at 12:00 AM EST
Comtech Telecommunications Corp. Announces First Quarter Results For Fiscal 1998 Melville, New York --- December 9, 1997 --- COMTECH TELECOMMUNICATIONS CORP. (NASDAQ/NMS: CMTL) today reported that for the first quarter ended October 31, 1997, the Company had a net profit of $104,000, or $.04 per share, on sales of $5,934,000. For the same quarter of last year, the Company had a net profit of $81,000, or $.03 per share, on sales of $5,188,000.

The Company's increased sales and operating income over the corresponding quarter in fiscal 1997, reflecting the benefits flowing from Comtech's continuing transition to a product oriented business, were primarily driven by our Comtech PST operating unit partially offset by results at our Comtech Systems operating unit.

Backlog at October 31, 1997 was $14,873,000 as compared to $10,868,000 a year before and $14,724,000 at July 31, 1997.

Comtech is a broad based manufacturer of state-of-the-art solid state high power amplifiers and high technology satellite and troposcatter telecommunication products and systems for commercial and government applications. For more information, please visit our website at www.comtechtel.com.