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Stratos Q2 results show increase in data services

  • Friday, 03 August 2007 | News

Satellite communications company Stratos has released its second quarter financial results, reporting an increase in revenues of 8 per cent on the same period last year, to $149.9 million.

The mobile satellite services (MSS) portion of the business, which includes the maritime sector, comprised the majority of the company's revenues, contributing $119.8 million, an 11 per cent year-on-year increase.

The results have reinforced recent trends whereby the maritime sector has seen a marked increase in the use of satellite data services, compared to the more traditional use of voice communications services.

While Stratos? revenues from Inmarsat voice services dropped $2.6 million compared with the same period last year, to $31.6 million, Inmarsat data services showed an increase of $7.2 million for the period to $18.5 million " a jump of almost 39 per cent.

Stratos has attributed this improvement to growth in the use of Inmarsat Fleet among its customers. This growth has also allowed the company to take advantage of greater volume discounts through its distribution deal with Inmarsat, increasing its profit margins.

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