Fleetmatics Reports Strong Third Quarter Financial Results And Subscriber Growth
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
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