Integrated satellite company ViaSat (NASDAQ:VSAT) was the largest positive contributor in the quarter, up 7%. While the company had a slight decline in Exede broadband subscribers, averagerevenue per user (ARPU) was up 7% year-over-year and churn was also down. ViaSat captured good margin performance at its government and satellite services segments. The government segment posted its best growth performance in two years, along with a healthy order book and a 22% increase in backlog. ViaSat still plans the launch of its next generation ViaSat-2 satellite in 2016, which will further improve the company’s ability to deliver superior broadband technology across a larger customer base.
From Longleaf Partners' third quarter 2015 commentary.
