Tangoe, Inc. Announces Third Quarter 2011 Financial Results
- Total revenue of $27.3 million, up 59% year-over-year
- GAAP operating loss of $0.4 million; non-GAAP operating income of $3.0 million, up 94% year-over-year
- GAAP net loss of $1.9 million; non-GAAP net income of $2.5 million
- Adjusted EBITDA of $3.3 million, up 83% year-over-year
Orange, Conn., November 8, 2011 — Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of Communications Lifecycle Management ("CLM") software and related services, today announced financial results for its third quarter ended September 30, 2011.
"We are pleased with the company's third quarter performance, which led to revenue and profitability that were above the high-end of our guidance," stated Albert Subbloie, president and CEO of Tangoe. "We believe demand for CLM solutions remains strong, and Tangoe continues to execute our growth strategy through new customer additions, expansion with our existing customers and traction with our strategic alliance partners."
