TomTom Reports Q2 Earnings

Posted: Jul 22 2009, 8:00am CDT | by , Updated: Aug 11 2010, 3:26pm CDT, in News | Portable Devices

 
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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

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<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Tech and Car expert Shane McGlaun (Google) reports about what's new in these two sectors. His extensive experience in testing cars, computer hardware and consumer electronics enable him to effectively qualify new products and trends. If you want us review your product, please contact Shane.
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