[08-08-11] Mobile satellite operator Inmarsat <\/b>saw its 2011 second quarter earnings increase 32 percent from the same period last year to $222.7 million, however, analysts were much more concerned about the company\u2019s slight decline in maritime revenues \u2014 from $181.7 million in 2010 to $181.3 million in 2011.
\n Inmarsat\u2019s latest results, issued Aug. 4., showed that the company expected the maritime business to grow between 2 percent and 4 percent during the 2011 first quarter. The maritime business unit accounts for approximately 40 percent of Inmarsat\u2019s overall revenues.
\n The company\u2019s total revenues increased 28.5 percent to $472.6 million, which included a $110 million payment Inmarsat received from LightSquared for access to a portion of its MSS radio spectrum. LightSquared will use that spectrum to help separate its signal from GPS signals and prevent interference.
\n In a statement, Inmarsat CEO Andrew Sukawaty said the company would likely lower its five-year revenue growth projection, which is currently set between 5 percent and 7 percent.
\n \u201cWhile we believe that a return to more normalized revenue growth in our maritime business is only a matter of time, we expect near-term factors will constrain growth for longer than previously anticipated,\u201d said Sukawaty. \u201cShipping customers have been spending less on satellite communications as crew members shift to e-mailing rather than voice calls. Military operations in Afghanistan also are scaling back. We will return to growth next year but we are being cautious.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
[08-08-11] Mobile satellite operator Inmarsat saw its 2011 second quarter earnings increase 32 percent from the same period last year to $222.7 million, however, analysts were much more concerned about the company\u2019s slight decline in maritime revenues \u2014 from $181.7 million in 2010 to $181.3 million in 2011. Inmarsat\u2019s latest results, issued Aug. 4., […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-84426","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84426"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=84426"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/84426\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=84426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=84426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=84426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}