MiX Telematics lowers growth outlook as it ramps up marketing
The vehicle-tracking company still expects double-digit subscriber revenue growth in its year to end-March 2020
31 October 2019 - 09:36
Fleet management and vehicle-tracking company MiX Telematics said on Thursday it had lowered it growth forecast after upping its spend on sales and marketing, but still expects double-digit subscription revenue growth for its year to end-March 2020.
The company reported subscription revenue growth of 14.3% to R926m in it six months to end-September from the prior comparative period, but has revised its guidance to between 11.4% and 12.3% growth for its full year...
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