Tallaght-based Fleetmatics reports higher revenues

The Tallaght headquartered company Fleetmatics, has reported third quarter revenue of $73.5 million (€67.2m), up 22 per cent on the $60.4 million (€55.2m) reported for the same period a year earlier. 

The Dublin-based provider of GPS-based fleet management systems also announced a 25 per cent rise in subscribers in the third quarter to 655,000 active vehicles, as against 523,000 last year. 

Net income totaled $8.8 million, or $0.22 per diluted share, compared to $8.2 million, or $0.21 per diluted share, for the same quarter in 2014.

The company successfully floated on the New York Stock Exchange in an initial public offering (IPO) that raised $132 million in 2012. It currently employs more than 600, about 100 of which are based in Dublin, where the firm maintains its core intellectual property development.



About Rachel Lynch

Rachel Lynch
Journalist with InTallaght.

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