Digging Into Sirius Earnings: The Rise of Telematics
Feb 5th 2013 6:14PM
Updated Feb 5th 2013 7:25PM
Sirius XM had a lot of positive tailwinds going for it this quarter that helped make the quarter strong for the company. This was the best churn rate for the company's customer base in four years, possibly owing to keeping customer service staff on and well-trained year-round to improve customer experience and keep customers. Improved auto sales also buoyed Sirius' profits. During this quarter's earnings release, Sirius shed light on its plans in the rising field of telematics in auto. Telematics refers to systems using wireless communications for convenience features and diagnostic tasks, such as Ford's SYNC system. Watch the video below as Motley Fool Analyst Blake Bos digs into the details.
Despite Sirius XM being one of the market's biggest winners since bottoming out three years ago, there is still some healthy upside to be had if things go right for it -- and plenty of room for it to fall if things don't. Read all about Sirius in our brand-new premium report. To get started, just click here now.
The article Digging Into Sirius Earnings: The Rise of Telematics originally appeared on Fool.com.Blake Bos has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.