Tag Archives: SatNav

TomTom Q2 Net Profit Jumps

TomTom NV reported a five-fold increase in quarterly net profit on Tuesday, helped by its fast-growing automotive business and a strategic shift towards high-margin recurring content and services business. The Dutch navigation systems company reported a net profit of 12.2 million euros for the April-June quarter. Adjusted net profit rose 87 percent on year to 23.2 million euros, while revenue

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