Profitable Q2 for CEVA

Logistics company CEVA Holdings has reported a “significant increase in profitability” for the second quarter (Q2) of 2015. Adjusted EBITDA was $75m – which represented a 25.0% year-over-year increase, or 31.7% in constant currency. Revenue for the quarter was up 0.3% to $1,776m.

Yesterday, CEVA announced the launch of its new Home Delivery service centre in Houston, which provides specialized services for customers requiring delivery of heavy or bulky items to end-consumers’ residences.