TeleNav (TNAV) Misses Q1 EPS by 5c

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Telenav Reports First Quarter Fiscal 2017 Financial Results

November 1, 2016 4:16 PM EDT

SANTA CLARA, Calif., Nov. 01, 2016 (GLOBE NEWSWIRE) -- Telenav®, Inc. (NASDAQ: TNAV), a leader in connected car services, today announced its financial results for the first quarter that ended September 30, 2016.

For the first quarter of fiscal 2017, Telenav delivered solid results, said HP Jin, chairman and CEO of Telenav. We continued to make progress with our auto OEM customers by increasing the breadth and depth of our partnerships. Ford completed the transition from SYNC 2 to SYNC 3 and we began development work on connected services for Ford SYNC 3. We were also selected by General Motors to offer... More