Comtech Telecommunications reported fourth quarter net income fell to $6.1 million from $7.4 million a year ago, as net sales surged 5.4 percent to $176.4 million from $167.4 million a year ago.
The Melville-based company’s net sales for fiscal 2019 rose to $671.8 million from $570.6 million up $101.2 million, or 17.7 percent, while net income for the fiscal year fell to $25 million from $29.8 million.
Comtech finished the year with what CEO Fred Kornberg called a “healthy backlog” of $683.0 million.
“We believe that in an environment of increasing market demand for global voice, video and data usage, customers will increasingly turn to us to fulfill their needs for secure wireless communications,” Kornberg said.
Comtech designs, develops, produces and markets communications products, systems and services.
“With that wind to our backs,” Kornberg added of strong demand, “I am confident that Comtech will continue to strengthen its market leadership positions and grow for many years ahead.”
