{"id":85876,"date":"2010-11-06T00:08:26","date_gmt":"2010-11-05T16:08:26","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/hughes-enterprise-vsat-turns-profit\/"},"modified":"2010-11-06T00:08:26","modified_gmt":"2010-11-05T16:08:26","slug":"hughes-enterprise-vsat-turns-profit","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/hughes-enterprise-vsat-turns-profit\/","title":{"rendered":"Hughes Enterprise VSAT Turns Profit"},"content":{"rendered":"<p><strong>Hughes<\/strong> has reported another quarter of consumer growth  and expanding margins and predicts a major turnaround in the North  American enterprise market, the company said in its third quarter 2010  results issues Nov. 4.<br \/>\n&nbsp;&nbsp;&nbsp; EBITDA grew 38 percent over 2009 to $61 million, beating analysts\u2019  predictions of approximately $56 million. Hughes\u2019 service revenues grew  15 percent year-over-year, including a 19 percent increase in the  consumer segment.<br \/>\n&nbsp;&nbsp;&nbsp; Most surprising, however, was Hughes\u2019 reported 20 percent growth in  its North American enterprise business, with top-line service revenues  growing 18 percent for both the third quarter and year-to-date periods.  For the first time in more than a year, Hughes\u2019 enterprise VSAT revenues  turned positive. The company said that domestic and international  customers are starting to spend more on enterprise solutions. As a  result, Hughes recorded record orders of $549 million and finished the  quarter with a backlog of $1.04 billion \u2013 a 26 percent increase from its  position during the same period last year.<br \/>\n&nbsp;&nbsp;&nbsp; Hughes said the popularity of its equipment lease program has been  growing and that it helped the company establish new long-term  customers.&nbsp; Hughes added 13,000 new subscribers to finish the quarter  with 558,000 total subscribers. <br \/>\n&nbsp;&nbsp;&nbsp; Hughes executives said they are now working to beat expectations  that competitive pressures will slow the company\u2019s growth rates over the  next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hughes has reported another quarter of consumer growth and expanding margins and predicts a major turnaround in the North American enterprise market, the company said in its third quarter 2010 results issues Nov. 4. &nbsp;&nbsp;&nbsp; EBITDA grew 38 percent over 2009 to $61 million, beating analysts\u2019 predictions of approximately $56 million. Hughes\u2019 service revenues grew [&hellip;]<\/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-85876","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85876"}],"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=85876"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85876\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}