Fleetmatics Reports Strong Third Quarter Financial Results And Subscriber Growth

http://ir.fleetmatics.com/phoenix.zhtml?c=251455&p=irol-newsarticle&id=2106113

Fleetmatics, a leading global provider of mobile workforce solutions for service-based businesses delivered as software-as-a-service (SaaS), has announced its Q3 2015 earnings results. A strong growth in both revenue and earnings is reported, resulting in Q3 revenue of $73.5 million, up 22% year-on-year.

Fleetmatics Logo. (PRNewsFoto/Fleetmatics Group PLC)

Fleetmatics Logo. (PRNewsFoto/Fleetmatics Group PLC)

Some Q3 highlights include:

  • Total revenue for the third quarter was $73.5 million, an increase of 22% compared to $60.4 million for the third quarter of 2014
  • Fleetmatics ended the third quarter of 2015 with approximately 655,000 active vehicles, up 25% year over year
  • Adjusted EBITDA1 of $24.8 million, or 33.7% of total revenue
  • Cash flow from operations of $30.1 million

The results demonstrate Fleetmatics’ further extension of its market-leading position and highlight the continued demand for the company’s product offerings as Fleetmatics continues to grow faster than the overall market.

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Issued on behalf of Fleetmatics by Heneghan PR

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