TomTom Reports Q2 Earnings

GPS maker TomTom has reported its financial results for Q2 2009. Revenues for the GPS firm dropped 24% for the quarter compared to the same quarter in 2008. The firm ended the quarter with €368 million in revenue, an increase of 73% compared to the previous quarter.

Operating expenses were reduced by 18% compared to the same quarter of 2008 and the operating margin was 16%. TomTom reports net cash flow from operating activities was €96 million.

TomTom also reported operational highlights for the quarter. One of the highlights was the launched of the HD Traffic service on mid-range PNDs. Live Services were integrated for pan-European use and the first in-dash TomTom GPS device was delivered to Renault.

Via TomTom

What Others Say about This

UnitedHealth Launches Patient Info Service For Doctors

-- UnitedHealth Group's Optum business is launching a service that allows doctors to share information about patients over the Internet, as health care companies continue their push to improve care with better coordination. The system, known as cloud com ...
Full article at: The Huffington Post  More like this  1 hour ago, 4:47pm CST

UnitedHealth unveils patient info service for MDs

UnitedHealth Group's Optum business is launching a service that allows doctors to share information about patients over the Internet, as health care companies continue their push to improve care with better coordination. The system, known as cloud comput ...
Full article at: USA Today  More like this  2 hours ago, 3:51pm CST

Onkyo Receivers for 2012 Offer Networked, THX-certified Models

Onkyo is teasing us a bit with four new receivers that will start shipping in March. The new offerings include the TX-SR313 5.1-Channel Home Theater Receiver, the TX-NR414 5.1-Channel Network Receiver, and the TX-NR515 7.2-Channel Network Receiver. The t ...
Full article at: CEPro  More like this  3 hours ago, 2:40pm CST

Don't miss ...

• More Portable Devices Stories
• I4U News Homepage