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TCS revenues lift 2% to USD 81.7 mln in Q2

Friday 31 July 2015 | 10:10 CET | News
TeleCommunication Systems (TCS) said second quarter revenues rose 2 percent from the year before to USD 81.7 million. Adjusted EBITDA reached USD 8.6 million, down 5 percent from the year earlier but up 8 percent sequentially. The adjusted net profit advanced 8 percent year-on-year to USD 3.4 million or USD 0.05 per diluted share. The net profit amounted to USD 0.01 per diluted share, down from 0.02 the year earlier and up from Q1's breakeven level. At the end of Q2, TCS had USD 53.7 million in cash and securities.

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Categories: Mobile & Wireless / Mobile & Wireless
Companies: TeleCommunication Systems
Countries: World
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