Fleetmatics total revenue up 40% year-over-year

Fleetmatics Group PLC (NYSE: FLTX) said its total revenue for the fourth quarter was USD50.1m, an increase of 39.8percent compared to USD35.8m for the fourth quarter of 2012.

GAAP gross profit for the fourth quarter was USD38.6m, compared to USD26.6m for the fourth quarter of 2012. GAAP gross margin was 77.0percent compared to 74.2percent for the same period in 2012. Non-GAAP gross profit, which excludes share-based compensation and amortization of intangible assets was USD39.0m for the quarter compared to USD26.7m in the year ago period. Non-GAAP gross margin was 77.8percent for the fourth quarter of 2013, compared to 74.6percent during the same period last year.

Total revenue for the full year of 2013 was USD177.4m, an increase of 39.2percent compared to USD127.5m for the full year 2012.

GAAP gross profit for the full year 2013 was USD133.5m, compared to USD91.9m for 2012. GAAP gross margin for the full year 2013 was 75.3percent compared to 72.1percent during 2012. Non-GAAP gross profit, which excludes share-based compensation and amortization of intangible assets, was USD134.5m for the full year 2013 compared to USD92.5m in 2012. Non-GAAP gross margin was 75.8percent for the full year 2013, compared to 72.5percent during 2012.

Fleetmatics Group PLC is a leading global provider of fleet management solutions for small and mid-sized businesses delivered as software-as-a-service (SaaS). Its website is at www.fleetmatics.com.

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