FleetMatics Group PLC (NYSE:FLTX) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
FleetMatics Group PLC Earnings Cheat Sheet
Revenue: Rose 48.43% to $38.4 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $37.47 million.
Quoting Management: “Our ability to exceed expectations across all key operating metrics during the first quarter highlights the continued robust demand from our SMB customers,” stated Jim Travers, Chief Executive Officer of Fleetmatics. “Our strong revenue and subscription growth is also being driven by continued solid execution by our team and the value proposition of our comprehensive Software-as-a-Service fleet management solution.”
Key Stats (on next page)…