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TMCNet:  Globecomm Systems Q1 net income decreases

[November 12, 2012]

Globecomm Systems Q1 net income decreases

Nov 12, 2012 (Datamonitor via COMTEX) -- Globecomm Systems Inc, a provider of satellite-based managed network solutions, has reported that net income for the first quarter ended September 30, 2012 was $2.68 million, or $0.12 per diluted share, compared to $9.33 million, or $0.41 per diluted share, for the same quarter ended September 30, 2011.

Total revenues for the first quarter ended September 30, 2012 were $81.16 million, compared to $70.97 million for the same quarter ended September 30, 2011.

Income from operations for the first quarter ended September 30, 2012 was $4.15 million, compared to $10.66 million for the same quarter ended September 30, 2011.

Total assets as of September 30, 2012 were $307.8 million, compared to $310.07 million, as of June 30, 2012.

David Hershberg, chairman and CEO, said: "We are proud to report that Globecomm's robust Long Island and Maryland facilities, both of which were in the path of Hurricane Sandy, coupled with the operations team, successfully provided 100% network uptime throughout the storm for our global customer base. Globecomm will continue to work with our partner Agility Recovery Solutions to assure continued business restoral services for their customers and are on call round the clock to support clients across America." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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