Exhibit 99.1
     
FOR IMMEDIATE RELEASE
  CONTACT:
 
   
 
   
(XATA GRAPHICS)
  Mark Ties, CFO
  XATA Corporation
  952-707-5600
  mark.ties@xata.com
XATA Reports Fiscal Year-End and Fourth Quarter Results
Software revenue growth of 30 percent and 29 percent results in a $0.10 and $0.07
improvement in non-GAAP earnings per diluted share for fiscal 2010 and the
fourth quarter of fiscal 2010, respectively
Company posts second consecutive quarter of net income
MINNEAPOLIS, Nov. 4, 2010 — XATA Corporation (Nasdaq:XATA), reported its results for fiscal year 2010.
Total revenue was $70.7 million for the fiscal year ended September 30, 2010, compared to $65.3 million for the same period of fiscal 2009. Non-GAAP earnings were $8.0 million for fiscal 2010 compared to $4.1 million for the same period in fiscal 2009. Other highlights include:
    Software revenue grew 30 percent to $42.9 million for the fiscal year ended September 30, 2010, compared to $32.9 million for the same period of fiscal 2009.
 
    The company acquired 148 new customers in fiscal 2010.
 
    Total software subscribers in excess of 111,000.
 
    Software revenue grew over 14 percent on an organic basis in fiscal 2010, with our flagship XATANET product growing at 29 percent.
 
    Fiscal 2010 software revenue accounted for 61 percent of total revenue, compared to 50 percent for the same period of fiscal 2009.
“Our results for fiscal 2010 continue to reflect the success of our strategy of driving compliance-driven, driver-centered technology into the trucking industry,” said Jay Coughlan, chairman and president of XATA. “During fiscal 2010 we added in excess of 23,000 new subscribers via our XATANET, MobileMax and Turnpike solutions, with our fourth quarter being the largest quarter in the history of the company with over 7,900 new subscriptions being added. As we look ahead, we expect to continue to enhance our product functionality through the release of our next generation on-board solution and increase our distribution through direct and indirect channel partnerships.”

 


The following information was filed by Xrs Corp (XRSC) on Friday, November 5, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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