Fleetmatics Group (FLTX) Tops Q1 EPS by 8c; Reaffirms FY15 Outlook

Fleetmatics Group (NYSE: FLTX) reported Q1 EPS of $0.33, $0.08 better than the analyst estimate of $0.25. Revenue for the quarter came in at $65.5 million versus the consensus estimate of $64.7 million.

Fleetmatics Group reaffirms FY2015 EPS of $1.26-$1.30, versus the consensus of $1.29.

“Our first quarter results were highlighted by strong growth in both revenue and earnings,” said Jim Travers, Chairman and Chief Executive Officer of Fleetmatics. “We are pleased to report that in the first quarter we attained strong sequential growth in subscriptions sold to SMB customers as well as saw a record number of subscriptions both up for renewal and renewed. Further, we’re delighted to announce that we recently secured several significant enterprise wins and expansions including Brink’s France and DIRECTV, which in aggregate comprises over 7,000 new subscribers. Our updated outlook reflects the foreign exchange headwinds that we are subject to given our growing international presence and our current conservative view as to the timing of the full activation of certain enterprise customers.”

For earnings history and earnings-related data on Fleetmatics Group (FLTX) click here.

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