SANTA CLARA, Calif. (AP) _ Telenav Inc. (TNAV) on Thursday reported fiscal second-quarter net income of $6.5 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Santa Clara, California-based company said it had net income of 13 cents. Earnings, adjusted for stock option expense and to account for discontinued operations, were 15 cents per share.
The location-based platform services provider posted revenue of $67.3 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $4.74. A year ago, they were trading at $4.58.