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Article: Global Traffic Network, Inc. Reports Fiscal First Quarter 2010 Operating Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- November 9, 2009
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United Kingdom Acquisition Continuing Strong Performance
NEW YORK -- Global Traffic Network, Inc. (Nasdaq: GNET), a leading provider of custom traffic and news reports to radio and television stations outside the U.S., today announced its results for fiscal first quarter ended September 30, 2009.
The Company's revenue for the quarter ended September 30, 2009 was $20.4 million, an increase of 27.5% from $16.0 million reported in the first quarter of fiscal 2009. The increase in fiscal 2010 quarterly revenue was achieved due to a contribution of $5.9 million in revenue from the Company's United Kingdom radio traffic and entertainment news operations, which ...