TeleCommunication Systems Inc. (TSYS) reported fourth quarter net income of $11.77 million or $0.20 per share, compared to $38.23 million or $0.78 per share in the prior year quarter.
Revenue for the quarter rose to $90.84 million from $79.29 million in the year-ago quarter.
On average, 8 analysts polled by Thomson Reuters expected the company to report profit of $0.06 per share on revenue of $85.28 million for the quarter. Analysts' estimates typically exclude special items.
Full year 2009, net income was $28.3 million or $0.53 per share, compared to $57.6 million or $1.23 per share in 2008, which included a $0.71 favorable effect from income tax reserve reversal accounting.
Revenue for the year rose to $300.09 million from $220.14 million in the previous year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.