TeleNav (TNAV) Tops Q1 EPS by 7c

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Telenav Reports First Quarter Fiscal Year 2015 Financial Results

October 30, 2014 4:07 PM EDT

SUNNYVALE, Calif., Oct. 30, 2014 (GLOBE NEWSWIRE) -- Telenav®, Inc. (Nasdaq: TNAV), a leader in location-based services, today announced its financial results for the first quarter that ended September 30, 2014.

"We are excited to have delivered sequential revenue growth in the first quarter after five quarters of revenue decline, reflecting the successful execution of our strategy to transition from premium mobile navigation into the high growth businesses of connected cars and location-based mobile advertising," said HP Jin, chairman and CEO of Telenav. "Our results were driven primarily by strength in our automotive business, which... More