Listed\u00a0vehicle tracking and telematics technology group, Cartrack has reported hitting a subscriber milestone, with 700,000 active customers across its operations.<\/p>\n
This milestone comes one month after passing 500,000 subscribers in South Africa, alone.<\/p>\n
The subscriber growth was driven by a dedicated workforce focusing on consistent customer engagement and the ability to better meet demand for the Cartrack technology, the group said.<\/p>\n
Cartrack currently has a presence in 24 countries which span Africa, the Middle East, Europe, Asia Pacific and the USA.<\/p>\n
In October the company reported a 20% rise in headline earnings for the six months ended August 2017, to R138.1 million.<\/p>\n
Revenue was up 14% to R629.9 million, with an operating profit climbing to R200 million, from R168 million previously.<\/p>\n
“The outperformance in our subscriber growth over the last year is a direct result of a dedicated and motivated workforce. We are constantly upgrading our market offering to our customers through our innovative and reliable products and services,” it said.<\/p>\n
Notwithstanding global economic and foreign exchange volatility, Cartrack said it expects to continue double-digit subscriber and revenue growth in the foreseeable future.<\/p>\n