India, Nov. 10 -- Mercury Systems, Inc. (MRCY) on Tuesday posted a profit for the first quarter, a turnaround from a loss last year, reflecting record first-quarter revenue. The company also raised its full-year outlook, citing solid execution and operating performance.
For the first quarter, net income was $13.1 million, or $0.21 per share, compared with a net loss of $12.5 million, or $0.21 per share, in the year-ago quarter.
Revenue increased 12.4% to $253.2 million from $225.2 million.
The company raised its fiscal 2027 outlook, citing strong first-quarter execution.
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1568189509843-0'); });
"We delivered strong first-quarter fiscal 2027 results, with record first-quarter ...