[Satellite TODAY 05-12-10] Inmarsat’s 2010 first quarter profits jumped 40 percent to $62.5 million compared to the same period in 2009, driven by growth in revenues and a solid performance from its Inmarsat Global business unit, Inmarsat reported in its latest financial results, released May 11.
    The operator’s first quarter revenues increased 12 percent from 2009 to $281.5 million. Inmarsat Global generated $200.7 million in revenues, an increase of more than 22 percent when compared to the same period in 2009.
    The operator completed its acquisition of Segovia during the quarter, which could lead to Inmarsat getting more business from the U.S. government, according to Inmarsat CEO Andy Sukawaty.
In an upcoming interview in Satellite News, Sukawaty, explained why Segovia is a good fit for Inmarsat. “They are a well-run company. They have done a terrific job in growing that business.  If you consider how the defense sector views its procurement, we believe that increasingly they will look at buying a service package as opposed to putting a bundle together themselves of information services and communications services,” Sukawaty said.

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