Iridium (News - Alert) Communications Inc. has published its financial results for the second quarter of 2011 which portraits company’s strong growth for the full-year 2011.

As per the result, the company has accumulated a net income of $11.7 million for the second quarter of 2011, as compared to $3.2 million for the second quarter of 2010. Whereas, the operational EBITDA for the second quarter was $48.4 million, as compared to $36.1 million for the prior-year period, representing year-over-year growth of 34 percent and an OEBITDA margin(1) of 50 percent.

Total revenue has summed up to $95.9 million, which consisted of $65.1 million of service revenue and $30.8 million of equipment, engineering and support revenue. The total revenue has jumped 14 percent versus the comparable period of 2010, while service revenue increased 10 percent from the year-ago period.

"We once again achieved double-digit subscriber, service revenue and OEBITDA growth in the second quarter, building on a long track record of execution," said Matt Desch (News - Alert), CEO, Iridium. "We also continue to strengthen our revenue profile in key areas, as approximately 40 percent of our total service revenue now comes from data products and services. Showcasing our strength in the data market, we grew commercial M2M data revenue over 18 percent in the second quarter."

In addition, the company has ended the quarter with 478,000 total billable subscribers, which compares to 383,000 for the year-ago period and 447,000 for the quarter ended March 31, 2011. Total billable subscribers grew 25 percent year-over-year, driven by strength in machine-to-machine ("M2M") data, handheld voice, netted Iridium and Iridium OpenPort(R) customers.

Desch continued, "Connectivity is one of the single biggest driving forces in our daily lives. Our vision, with the world's furthest reaching network, is to connect people, assets and organizations all over the world in the ways they expect to be connected. We'll continue to shape the global communications landscape along with our ecosystem of partners, bringing personal tracking devices and smartphone connections to market in support of this vision and our proven strategy of growing highly profitable service revenue.

Desch said that with their own upcoming handset innovations, they are also seeing rapid adoption of two-way data devices by many of their partners.

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