CalAmp Increases Financial Guidance for the Fiscal 2012 First Quarter

CalAmp Corp. CAMP today announced increased financial guidance for the fiscal 2012 first quarter ended May 31, 2011. The Company expects to report fiscal 2012 first quarter consolidated revenues in the range of $34.0 to $34.5 million and GAAP basis earnings per diluted share of $0.01 to $0.02. This compares to the Company's first quarter business outlook provided on April 28, 2011 that projected fiscal 2012 first quarter consolidated revenues in the range of $31 to $34 million and GAAP basis earnings per diluted share in the range of a $0.01 loss to $0.02 income. Michael Burdiek, President and Chief Executive Officer of CalAmp, commented, "We saw strong performance from both our Wireless Datacom and Satellite businesses in the first quarter, and we anticipate year-over-year growth in both businesses during fiscal 2012. Our pipeline of sales opportunities continues to expand as we execute our global product and marketing strategy." CalAmp will provide its complete financial results in its fiscal 2012 first quarter earnings release and conference call, the date of which will be announced soon.