<< Back

Comtech Telecommunications Named To Forbes List Of 200 Best Small Companies In America

October 30, 2001 at 12:00 AM EST
Comtech Telecommunications Named To Forbes List Of 200 Best Small Companies In America
  • SECOND CONSECUTIVE YEAR
  • RANKED 48TH - UP FROM 131ST LAST YEAR
Melville, New York - October 30, 2001 --- Comtech Telecommunications Corp. (Nasdaq: CMTL), a leading provider of telecommunications transmission products and mobile data communications services, today announced that it has been named one of the "200 Best Small Companies in America" by Forbes Magazine.

Comtech made the list for the second consecutive year even though Forbes this year raised the upper revenue limit to $600 million from $350 million due to the weakening economy that hit large-cap companies. Comtech ranked 48th overall this year, up from 131st last year, on the Forbes list which is based upon several factors including return on equity, sales and earnings per share growth measured over the past five years and the most recent four quarters.

To be considered by Forbes for its 2001 Best list, companies had to meet strict criteria of having a minimum of 5% growth in sales and earnings over each of the last five years. Comtech achieved compound average growth rates of better than 45% and 112% for sales and EPS respectively over the last 5 years.

Fred Kornberg, president and chief executive officer said, "Comtech's higher ranking in Forbes list reflects our continued strong performance and growth of our business over the last five years, as the Company has benefited from strategic core and acquisition investments. For the year ended July 31, 2001, the Company reported a 60% increase in net income on a sales growth of 105%."

Comtech Telecommunications Corp. is an innovative player in the domestic and global high-technology markets. Through its operating units, Comtech pursues opportunities in three interrelated market segments: telecommunications transmission, RF microwave amplifiers, and mobile data communications services. In each of these segments, growth is driven by increasing demand for telecommunications infrastructure and network and messaging services. The company's specialties include the design and manufacture of advanced products and networks used for transmission of voice, data and video using satellite, over-the-horizon microwave, terrestrial line of sight and other wireless communications systems. More than 275 distinct Comtech products are in service in more than 100 countries.