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Update: Telenav Q2 FY2015 Earnings

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Telenav (NASDAQ:TNAV) announced its Q2 FY2015 results yesterday, and it beat both consensus revenue and earnings expectations. Its Q2 FY2015 loss per share of $0.08 was significantly better than consensus loss per share estimates of $0.16, while its quarterly sales of $39.78 million surpassed expectations to the tune of $2.28 million. More significantly, Telenav's Q2 FY2015 revenue grew 8% year-on-year (yoy) and 14% quarter-on-quarter (qoq), making it the first time in the trailing six quarters that it has managed to register top-line growth on both a yoy and qoq basis. This is the strongest validation of the progress that Telenav has made since it diversified its revenue base from its legacy Scout navigation business into location-based mobile advertising and personalized navigation for embedded/connected…