Operator
Good day, everyone, and welcome to the Mercury Systems Third Quarter Fiscal 2021 Conference Call. [Operator Instructions]
At this time, for opening remarks and introductions, I d like to turn the call over to the company s Executive Vice President and Chief Financial Officer, Michael Ruppert. Please go ahead, sir.
Michael D. Ruppert
Executive Vice President and Chief Financial Officer and Treasurer
Good afternoon, and thank you for joining us. With me today is our President and Chief Executive Officer, Mark Aslett. If you ve not received a copy of the earnings press release we issued earlier this afternoon, you can find it on our website at mrcy.com. The slide presentation that Mark and I will be referring to is posted on the Investor Relations section of the website under Events & Presentations.
Backlog of $894 million increased 16% over prior year
Physical Optics Corporation integration progressing well
ANDOVER, Mass., May 04, 2021 (GLOBE NEWSWIRE) Mercury Systems, Inc. (NASDAQ:MRCY, www.mrcy.com)), reported operating results for the third quarter of fiscal 2021, ended April 2, 2021.
Management Comments The Company delivered a strong financial performance in the third quarter, said Mark Aslett, Mercury s President and Chief Executive Officer. Record revenues exceeded guidance and the integration of Physical Optics Corporation is progressing well. We continue to execute on our strategy to deliver strong margins while growing the business organically and supplementing the organic growth with disciplined M&A and full integration. Our pipeline is robust with multiple opportunities of varying sizes, all in line with the core of our strategy. We believe this strategy will continue to generate significant value for our shareholders, said Aslett.