TeleNav (TNAV) Misses Q1 EPS by 9c
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Telenav and Ningbo Huazhong Holdings Company Announce Joint Venture Company, Huatai Telematics, to Bring Aftermarket Connected In-Car Navigation Services to the China Market
October 29, 2015 4:07 PM EDTSUNNYVALE, Calif., Oct. 29, 2015 /PRNewswire/ --Â Telenav (NASDAQ: TNAV), the leader in location-based platform services, announced today with Ningbo Huazhong Holdings Company Limited, a subsidiary of Huazhong Holdings Co. Ltd., a publicly traded company in Hong Kong, a joint venture company, Huatai Telematics Technology Co., Ltd. This combined endeavor capitalizes on Telenav's automotive navigation solutions to deliver personalized, connected navigation in aftermarket head units and products.
Building on Telenav's commitment to delivering global connected navigation, inside and outside the car, Huatai Telematics is a significant step in expanding connected... More
Telenav Reports First Quarter Fiscal 2016 Financial Results
October 29, 2015 4:06 PM EDT-Total Revenue of $44.1 million, up 26% year-over-year
-Automotive Revenue of $31.7 million, up 63% year-over-year
-Total Billings of $47.9 million, up 37% year-over-year
-Total Deferred Revenue of $10.7 million, up 56% from prior quarter end
SUNNYVALE, Calif., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Telenav®, Inc. (NASDAQ: TNAV), a leader in location-based platform services, today announced its financial results for the first quarter that ended September 30, 2015.
"We achieved solid results in the first quarter of fiscal 2016, as total billings reached over $47 million, up... More
