* Q2 adj EPS $0.24 vs est $0.17
* Q2 rev up 19 pct to $48 mln vs est $46.2 mln
* Q2 avg monthly paying users 19.6 mln
* Ups 2011 view
* Shares up 11 pct in trading after the bell
Jan 27 Navigation-technology provider TeleNav
Inc (TNAV.O) posted market topping quarterly results on a 54
percent rise in paying users and said it extended its license
and services agreement with AT&T (T.N) by two years.
Shares of the company, which provides voice guided
navigation and local search on mobile phones and autos, jumped
14 percent to $8.40 in extended trade.
TeleNav raised its full-year revenue outlook range by $8
million to $195-$200 million. The company now expects adjusted
profit of 84-88 cents a share, up from its previous view of
70-78 cents a share.
Net income applicable to common shareholders jumped 83
percent to about $10 million, or 22 cents a share.
Shares of the Sunnyvale, California-based company, which
have gained 50 percent in value since the company reported
first-quarter results in October, closed at $7.37 on Thursday
(Reporting by Sayantani Ghosh in Bangalore;Editing by Prem