COM DEV posts revenue high in Q2

CAMBRIDGE – COM DEV International Ltd. raises Q2 revenue to a record COM_DEV-logo185X36.JPG$64.1 million, an increase of 18% over $54.2 million for the second quarter of 2008. Net income was $4.9 million ($0.07 per share), compared to $2.0 million ($0.03 per share) for the same period last year. “We generated record revenue in the second quarter and grew our margins and our bottom line, even as we continued to invest in the growth of the company,” says CEO John Keating. “The space sector remains healthy in the face of broader economic challenges. With a solid backlog and bright prospects for continuing strength in our new order activity, we are sufficiently confident to raise our revenue guidance to growth of at least 15% in fiscal 2009.” The company previously forecast at least 10% growth for the year. Click here for more results.

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