{"id":85879,"date":"2010-11-05T18:00:41","date_gmt":"2010-11-05T10:00:41","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/hughes-enterprise-vsat-turns-profit-company-continues-growth-streak\/"},"modified":"2010-11-05T18:00:41","modified_gmt":"2010-11-05T10:00:41","slug":"hughes-enterprise-vsat-turns-profit-company-continues-growth-streak","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/hughes-enterprise-vsat-turns-profit-company-continues-growth-streak\/","title":{"rendered":"Hughes Enterprise VSAT Turns Profit; Company Continues Growth Streak"},"content":{"rendered":"<p>[11-05-10] <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>[11-05-10] 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 [&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-85879","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85879"}],"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=85879"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85879\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}