TeleNav (TNAV) Misses Q3 EPS by 2c; Issues Light Q2 Outlook

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Telenav Reports Third Quarter Fiscal 2016 Financial Results

May 3, 2016 4:16 PM EDT

-Automotive Revenue of $34.7 million, up 18% year-over-year

-Location-based Advertising Revenue of $5.2 million, up 28% year-over-year

-Total Billings of $53.1 million, up 25% year-over-year

 

Santa Clara, Calif., May 03, 2016 (GLOBE NEWSWIRE) --  Telenav®, Inc. (NASDAQ: TNAV), a leader in connected car services, today announced its financial results for the third quarter that ended March 31, 2016.

Telenav delivered solid results for the third quarter of fiscal 2016, achieving sequential and year-over-year growth in both revenue and billings, said HP Jin, chairman... More