TeleNav (TNAV) Reports In-Line Q3 EPS, Offers Q4 Guidance

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Telenav Reports Third Quarter Fiscal Year 2015 Financial Results

April 30, 2015 4:26 PM EDT

-Quarterly Revenue Grew 6% Sequentially and 23% Year-Over-Year

-Quarterly Combined Revenue from Growth Businesses of Automotive and Mobile Advertising Grew 16% Sequentially and 58% Year-Over-Year, Exceeding 79% of Total Revenue

SUNNYVALE, Calif., April 30, 2015 (GLOBE NEWSWIRE) -- Telenav®, Inc. (Nasdaq: TNAV), a leader in location-based platform services, today announced its financial results for the third quarter that ended March 31, 2015.

"We are pleased with our results for the quarter, achieving total revenue growth of 6% sequentially and 23% year-over-year. This is the third quarter in a row that Telenav has achieved... More