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Revenues were down at Telesat this past quarter, but a crop of new deals and a sizeable backlog of orders gave the Ottawa satellite firm a cushion to fall back on.
The shift downtown will take Telesat out of Telesat Court, the eponymous Gloucester street that the firm has called home for nearly three decades.
Favourable foreign exchange rates helped Ottawa satellite operator Telesat post a $293-million profit in 2016 despite a decline in revenues.
Ottawa’s Telesat Holdings Inc. posted solid preliminary third-quarter results this week, thanks in large part to favourable foreign exchange shifts.
Ottawa-based Telesat announced Monday one of the firm’s former vice-presidents is returning to the company after three years with Sprint.
Ottawa’s Telesat had a “solid” third quarter with revenues of $242 million, CEO Dan Goldberg said Thursday.
Ottawa-based Telesat Holdings said Thursday second-quarter revenues fell four per cent year-over-year when adjusted for a stronger American dollar.
Despite a drop in 2015 first-quarter revenue, Telesat president and CEO Dan Goldberg said Thursday the company is positioned well for future growth.
Telesat president and CEO Dan Goldberg said Thursday he is pleased with the company’s performance after its 2014 fourth-quarter and year-end results showed the satellite service provider’s