Published: April 29, 2014
GPS navigation software maker TeleNav announced that they will continue to provide their software to Ford until December 31, 2017. The extension of their agreement has been signed this month, the company revealed on April 27, 2014
Automotive revenue was $18.3 million for the third quarter of the Telenav fiscal year. Total revenue was $34.5 million. This is an important contract for TeleNav as the Ford business made 50 percent of their revenue ($17.25 million) in the quarter ended on March 31, 2014.
Ford represents the vast majority of TeleNav automotive revenue which was $18.3 million in the quarter.