Germantown-based Hughes Communications Inc., a broadband satellite network services provider, announced a 13 percent increase in revenues for a record $233 million for the period ending March 31. Operating income was also up 45 percent to $13 million, and net income was $4 million, compared with breaking even in the first quarter of 2006.
“The major contributors to our revenue growth were our consumer and mobile satellite businesses,” Pradman Kaul, president and chief executive officer, said in a released statement.
“Over 41,000 new subscribers were activated in the first quarter of 2007, resulting in the consumer/SMB subscriber base growing to 346,000. We booked orders of $277 million in the first quarter of 2007 for a strong 84 percent growth over the first quarter of 2006.”
