TeleNav Q2 2011: revenue up 19%, Net Income Flat



TeleNav Q2 2011: revenue up 19%, Net Income Flat
TeleNav today announced its earnings for the second quarter of fiscal 2011 with revenue of $48.0 million, compared to revenue of $40.5 million for the second quarter of fiscal 2010. Revenue for the second quarter of fiscal 2011 reflects the first full quarter impact of the September 2010 amended Sprint agreement.

Net income for the second quarter of fiscal 2011 was $10.0 million, or $0.22 per diluted share, compared to net income of $10.1 million, or $0.19 per diluted share, for the second quarter of fiscal 2010.

Revenue from automotive, enterprise LBS, mobile advertising and commerce and premium LBS was seven percent of total revenue for the second quarter of fiscal 2011, up from six percent of total revenue for the first quarter of fiscal 2011.



Thursday, January 27th 2011


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