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.
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.
Issued on behalf of Fleetmatics by Heneghan PR
01 660 7395