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Powerfleet Achieves Record $115.7 Million in Second Quarter Revenue

The Motley Fool +1 · ·by G4L

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AIOT PowerFleet Inc
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  1. 1Powerfleet reached an all-time high with $115.7 million in second quarter revenue.
  2. 2Recurring services now account for 82% of Powerfleet's total revenue.
  3. 3Powerfleet confirmed its annual revenue guidance of $468 million to $473 million.

So what's the key point?

Powerfleet achieved its highest-ever performance with $115.7 million in revenue during the second quarter. Recurring service revenue reached 82% of the total, and the company also confirmed its annual revenue outlook.

Source The Motley Fool +1 · View original ↗

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