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Tangoe, Inc. Announces Second Quarter 2011 Financial Results

Posted on: August 24, 2011
Release date: 8/24/2011
    • Total revenue of $26.0 million, up 56% year-over-year
    • GAAP operating income of $1.0 million; non-GAAP operating income of $2.7 million, up 101% year-over-year
    • GAAP net loss of $1.4 million; non-GAAP net income of $1.8 million
    • Adjusted EBITDA of $3.1 million, up 90% year-over-year

Orange, Conn., August 23, 2011 — Tangoe, Inc. (NASDAQ: TNGO), a leading global provider of Communications Lifecycle Management (“CLM”) software and related services, today announced financial results for its second quarter ended June 30, 2011.

“We are very pleased with the company’s strong second quarter performance, which was highlighted by strong revenue growth,” stated Albert Subbloie, president and CEO of Tangoe. “Our strong organic recurring revenue growth is being driven by continued market demand, solid execution and the compelling value proposition associated with Tangoe’s suite of integrated CLM solutions.”

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$35+
Billion

of spend under
management

10+
Million

devices managed
globally

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