Canaccord Genuity Reiterates Buy on Calamp Corp. (CAMP) Following 2Q16
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CalAmp Reports Record Fiscal 2016 Second Quarter Financial Results
October 1, 2015 4:01 PM EDTOXNARD, CA -- (Marketwired) -- 10/01/15 -- CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, today reported results for its second quarter ended August 31, 2015. Highlights include:
Consolidated revenue up 18% year-over-year to a record $69.8 million Wireless Datacom revenue up 23% year-over-year to a record $61.8 million GAAP net income up 7% year-over-year with diluted GAAP EPS of $0.10 Adjusted Basis (non-GAAP) net income up 30% with diluted non-GAAP EPS of $0.27 Adjusted EBITDA margin of 16.9% compared to 14.1% in the second quarter last year Operating cash flow of... More