Calamp Corp. (CAMP) Tops Q2 EPS by 1c

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CalAmp Reports Second Quarter Fiscal Year 2023 Financial Results

September 22, 2022 4:05 PM EDT

Software and Subscription Services revenue increases 13% sequentially to $44.5 million and 61% of total revenue

Total consolidated revenue also increases 13% sequentially to $72.8 million as backlog remains solid

IRVINE, Calif., Sept. 22, 2022 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company that helps organizations monitor, track and protect their vital assets, today reported financial results for its second quarter of fiscal year 2023 ended August 31, 2022.

Consolidated revenue exceeded our expectations for mid to high single digit sequential growth, driven largely by... More