Fleetmatics Revenue Up 30% in Second Quarter 2014
Fleetmatics Group PLC (NYSE: FLTX), a global provider of mobile workforce solutions delivered as software-as-a-service (SaaS), has announced record revenue of $55.3 million, up 30% year-over-year.
The company noted that its subscriber base is up by 29% year-over-year.
Total revenue for the second quarter was $55.3 million, an increase of 30.0% compared to $42.5 million for the second quarter of 2013.
Net Income: GAAP net income for the second quarter was $3.2 million, compared to $5.7 million for the same period last year.
Fleetmatics Group’s Web-based solutions provide fleet operators with visibility into vehicle location, fuel usage, speed and mileage, and other insights into their mobile workforce, enabling them to reduce operating and capital costs, as well as increase revenue.
Category: Fleet Diagnostics & Software, General Update
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