Viasat experienced a 5.6 percent growth in revenues, the Carlsbad-based global communications company announced in its fourth quarter results on May 24.
The company’s fiscal fourth quarter and fiscal year ended March 31.
It earned $439.7 million in revenue this year, compared with last year’s fourth quarter earnings of $416.4 million.
For the fiscal year, Viasat had revenue of $1.6 billion up 2.3 percent from 2017.
Of the company’s three segments, only its satellite services fourth quarter revenue was down 9.9 percent from last year’s $160.9 million to this year’s $145 million. The decline in the segment was “lower compared with the prior year's quarter primarily as a result of the revenue decrease and increased sales, marketing and operating expenses — for the existing and new vertical and geographic markets — associated with the ViaSat-2 commercial service launch,” according to a news release.
Its commercial networks segment saw a 28.9 percent growth in the fourth quarter, coming in at $76.2 million this year, to last year’s $59.1 million.
The government systems segment grew its revenue by 11.2 percent, with revenue totaling $218.6 million for the quarter compared with $196.5 million in the like quarter last year.
"Viasat ended its fiscal year 2018 positioned to drive strong, sustained growth in fiscal year 2019 and beyond," said Mark Dankberg, Viasat chairman and CEO, in a news release.