KVH Reels in Higher Profits Despite Hardware Sales Decline

摘要

Maritime satellite hardware and services provider KVH Industries on May 3 reported higher revenue and profit in its overall maritime business, with a sharp increase in airtime revenue offsetting a decline in hardware sales. The Middletown, R.I.-based company said the hardware decline is due in part to cold weather in the United States and Europe, and to the economic woes in southern Europe.