[May 07, 2013] CalAmp reports higher Q4 net income, provides outlook for Q1 Tweet May 07, 2013 (Datamonitor via COMTEX) -- CalAmp Corp., which develops and markets wireless technology solutions, has reported a net income of $32.63 million, or $1.06 per diluted share, for the fourth quarter ended February 28, 2013, compared to $1.64 million, or $0.06 per diluted share, for the same quarter ended February 28, 2012. The company expects GAAP-basis net income in the range of $0.01 to $0.05 per diluted share for the first quarter of fiscal 2014. Revenues for the fourth quarter ended February 28, 2013 were $48.39 million, compared to $37.62 million for the same quarter ended February 28, 2012. Net income for the year ended February 28, 2013 was $44.63 million, or $1.49 per diluted share, compared to $5.22 million, or $0.18 per diluted share, for the same period ended February 28, 2012. Revenues for the year ended February 28, 2013 were $180.58 million, compared to $138.73 million for the same period ended February 28, 2012. The company expects consolidated revenue in the range of $50 to $54 million for the first quarter of fiscal 2014. Michael Burdiek, CalAmp's president and CEO said, "Fiscal 2013 was a transformative year for CalAmp highlighted by consolidated revenue growth of 30%, significantly improved profitability and a key acquisition consummated just after year-end that accelerates our strategic roadmap. "At the top line, our performance was driven by a 41% year-over-year revenue increase in our Wireless Datacom segment, due to continued strong demand for our Mobile Resource Management (MRM) products and growing contributions from our energy, rail and public safety verticals. The strong revenue growth and improving gross margins resulted in accelerating profitability in fiscal 2013, with non-GAAP earnings per share doubling compared to last year." http://www.datamonitor.com Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon [ Back To TMCnet.com's Homepage ]