CalAmp Corp. (NASDAQ:CAMP) Q2 2023 Results Conference Call September 22, 2022 5:00 PM ET
Company Participants
Joel Achramowicz - Managing Director, The Shelton Group, IR
Jeff Gardner - President and Chief Executive Officer
Kurt Binder - Chief Financial Officer
Cindy Yang - Senior Vice President of Financial Planning and Analysis
Conference Call Participants
Mike Walkey - Canaccord
Adam Bubes - Goldman Sachs
Mike Latimore - Northland Capital Markets
Scott Searle - ROTH Capital
Blake Mielke - Jefferies
Operator
Welcome to CalAmp's Second Quarter 2023 Financial Results Conference Call. My name is Tamia, and I will be your moderator for today. All lines will be muted during the presentation portion of the call with an opportunity for questions and answers at the end. [Operator Instructions] As a reminder, this call is being recorded.
I would now like to introduce your host for today's conference call, Joel Achramowicz, Managing Director of Shelton Group, CalAmp's Investor Relations firm. Joel, you may begin.
Joel Achramowicz
Good afternoon, and welcome to CalAmp's fiscal second quarter 2023 financial results conference call. I'm Joel Achramowicz, Managing Director of Shelton Group, CalAmp's Investor Relations firm. With us today are CalAmp's President and Chief Executive Officer, Jeff Gardner; CFO, Kurt Binder; and also Cindy Zhang, Senior Vice President of Financial Planning and Analysis.
Before we begin, I'd like to remind you that this call may contain forward-looking statements. While these forward-looking statements reflect CalAmp's best current judgment, they are subject to risks and uncertainties that could cause actual results to differ materially from those implied by these forward-looking projections.
These risk factors are discussed in our regular SEC filings and in the earnings release issued today, which are available on our website. We undertake no obligation to revise or update any forward-looking statements to reflect future events or circumstances. Now Jeff will begin today's call with a review of the Company's operational highlights. Then Kurt will provide a more detailed review of the financial results, followed by a question-and-answer session.
With that, it's my great pleasure to turn the call over to CalAmp's President and CEO, Jeff Gardner. Jeff, please go ahead.
Jeff Gardner
Thank you, Joel, and thanks to all of you for joining us on the call today. Our second quarter results exceeded our expectations, reflecting approximately 13% sequential growth in consolidated revenue, driven primarily by Software and Subscription Services revenue growth that was also up 13% sequentially and 7% year-over-year.