Oct
29
2010

TeleNav Q1: Revenue up 42%, Net income up 52%

Revenue up 42%, Net income up 52%
Yesterday mobile navigation provider TeleNav announced excellent results in its first quarter ended September 30, 2010 with an increase of 42 percent year over year of its quarterly revenue ($51.1 million) and a jump of 52 percent year over year of its net income ($12.4 million).

The company said its average monthly paying end users rose 6…

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