TeleCommunication Systems (TCS) reports 19 percent decline in revenues in the second quarter ended June 30, 2013.
TCS provides mission-critical wireless data solutions to network operators, enterprises and governments. TCS infrastructure forms the foundation for market leading solutions in E9-1-1, text messaging, commercial location and deployable wireless communications. TCS is at the forefront of new mobile cloud computing services providing wireless applications for navigation, hyper-local search, asset tracking, social applications and telematics.
Second quarter 2013 results declined 19 percent year-on-year to US$ 92.8 million, due mainly to lower government pass-through sales. Commercial segment revenue in the second quarter of 2013 was US$ 42.3 million, up 3 percent from US$ 41.1 million in the same year-ago period. Commercial services revenue was up 1 percent to US$ 38.1 million. Commercial services gross profit was up 7 percent to US$ 23.0 million from US$ 21.5 million in Q2 2012, due to growth in location platforms and applications, including software development for a wireless platform company. Commercial systems revenue was up 27 percent to US$ 4.2 million from US$ 3.3 million in Q2 2012 driven by higher next-generation 9-1-1 deployment project revenue, mainly associated with the purchase of microDATA in the third quarter of 2012.
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