Comtech Telecommunications Corp. (NASDAQ: CMTL) has reported its operating results for the first fiscal quarter ended October 31, 2018, the company said.
Net sales for the first quarter of fiscal 2019 were USD 160.8 million as compared to the USD 121.6 million achieved during the first quarter of fiscal 2018.
Bookings during the first quarter of fiscal 2019 were USD 157.4 million, with a company-wide book-to-bill ratio (a measure defined as bookings divided by net sales) of 0.98.
Backlog as of October 31, 2018 reflects a near record high of USD 627.3 million. Backlog does not include the portions of multi-year contracts that have not been funded. As such, the total value of multi-year contracts that Comtech has received is substantially higher.
Comtech Telecommunications designs, develops, produces and markets innovative products, systems and services for advanced communications solutions. Comtech sells products to a diverse customer base in the global commercial and government communications markets.