Calamp Corp. (CAMP) Misses Q1 EPS by 7c

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Go back to Calamp Corp. (CAMP) Misses Q1 EPS by 7c

CalAmp Reports First Quarter Fiscal Year 2023 Financial Results

June 23, 2022 4:05 PM EDT

Software and Subscription Services revenue increases 13% year-over-year to $40 million, representing 61% of total revenue

Remaining Performance Obligations (RPO) increase 57% year-over-year and 7% sequentially to $215 million

IRVINE, Calif., June 23, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today reported financial results for its first quarter of fiscal year 2023 ended May 31, 2022.

We have successfully converted more than one-third of our total installed base of eligible telematics customers to... More