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Wednesday, August 24, 2011

Tangoe (TNGO) Announces Second Quarter 2011 Financial Results

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

35 Executive Blvd
ORANGE, CT 06477
United States

Tangoe, Inc. is a global provider of on-demand communications lifecycle management (CLM), software and related services to a range of enterprises, including large and medium-sized businesses, and other organizations. The Company’s on-demand Communications Management Platform is a suite of software designed to manage and optimize the complex processes and expenses associated with this lifecycle for both fixed and mobile communications assets and services. Its customers can also engage the Company through its client services group to manage their communications assets and services using its Communications Management Platform.

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