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Cal / Amp NEWS RELEASE CalAmp Reports Second Quarter Fiscal Year 2022 Financial Results 9/23/2021 Software and Subscription Services revenue increases 24 % over prior year to $ 41 million , representing 52 % of total revenue Achieves 6 % year - over - year quarterly revenue growth from continuing operations to $ 79 million as backlog remains at historically high levels IRVINE , Calif . , Sept. 23 , 2021 / PRNewswire / -- CalAmp ( Nasdaq : CAMP ) , a connected intelligence company helping businesses and people track , monitor and recover vital assets with real - time visibility and insights , today reported financial results for its second quarter of fiscal year 2022 ended August 31 , 2021 . " We achieved another quarter of solid revenue growth in our Software and Subscription Services business , which also contributed to an increase in our consolidated gross margin , " commented Jeff Gardner , CalAmp's president and chief executive officer . " Key to this performance was the initial conversion of a few strategic customers to our new CTC platform as well as the fulfillment of a major trailer retrofit program , all of which are under recurring subscription contracts . In addition , we continued to see ongoing orders globally in support of the 3G - to - 4G transition , but the persistent component shortages in the supply chain have limited our ability to fully ship against our backlog . " Second Quarter Fiscal Year 2022 Financial Overview • Total revenue increased 6 % from the prior year quarter to $ 79 million . • Software and Subscription Services ( S & SS ) revenue was a record $ 41 million , representing 52 % of consolidated revenue , which was up 24 % from the prior year quarter . • Telematics Products revenue was $ 38 million , down 16 % sequentially as supply chain shortages affected shipments despite continuing strong demand from customers engaged in the 3G - to - 4G transition . • Sales to its largest customer were $ 14.0 million , up 2 % from the prior - year quarter . • Gross margin was 42 % , an increase of 150 basis points sequentially due to S & SS revenue growth and product mix . 1