3 Things CalAmp Management Wants You to Know
When CalAmp (NASDAQ: CAMP) announced better-than-expected fiscal second-quarter results last Thursday, it was surprising at first to see shares of the machine-to-machine communications leader fall in response. After all, while CalAmp's headline numbers weren't exactly jaw-dropping -- revenue declined 2.9% year over year to $93.2 million, and adjusted net income dropped by more than half to $4.8 million, or $0.14 per share -- both the top and bottom lines arrived near the high ends of guidance provided three months earlier. And management insisted they were "pleased" with the company's performance, particularly as they build their base of recurring software and subscription-services revenue.
To that end, now's a great time to dig a little deeper for perspective on what's driving CalAmp's business today. Here are three key points management discussed during this quarter's subsequent earnings conference call:
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Source Fool.com
