The fleet telematics solutions provider attributes growth to subscription revenue growing by 26% from R710m to R897m.
This year marks the sixth year of consecutive double-digit total company revenue and subscription revenue growth.
South Africa is a relatively mature telematics market and the penetration is comparably high, says Berg Insight.
Strong growth in South Africa helped Cartrack's interim group revenue grow by 22%, while HEPS jumped 25%.
MiX Telematics, Cartrack and Naspers were the best performing tech stocks on the JSE during the year, while Adapt IT and EOH fared worst.
The fleet telematics company achieves strong performance through robust subscriber and revenue growth.
More than half of all JSE-listed tech and telecoms stocks have fallen in value over the first six months of 2017.
The fleet telematics firm sponsors learners to venture into the automotive technology industry.
The number of active fleet management systems in the country is expected to reach 1.9 million by 2021, says Berg Insight.
The company reports subscriber base growth as it further entrenches itself in Europe, Middle East, Africa and Asia.
The JSE-listed company declares an interim dividend of 20?cents per share, a 25% increase over the prior year.
The local vehicle tracking firm anticipates the US market to be more costly to enter than it experienced in Europe and Asia.