TeamViewer AG : Marketing savings drive profitability at TeamViewer
>Adj. EBITDA +5.3% above consensus expectations - TeamViewer delivered strong Q3 results that beat consensus expectations by 5.3% on the bottom line. Revenue increased by 6.7% y-o-y to € 168.7m driven by both segments and is in line with expectations. The SMB segment saw revenue increase by 3.1% y-o-y to € 131.6m while the Enterprise segment continued to grow at double digits with a +21.6% increase y-o-y to € 37.1m. In terms of regions EMEA showed the strongest growth...Teamviewer AG. TeamViewer AG is a Germany-based company engaged in the software development. The Company focuses primarily on the cloud-based technologies that enable online remote support and collaboration globally. The Company offers software solutions to remotely access and connect any computer, tablet, laptop, mobile device and Internet of Things (IoT) endpoint, such us industrial machines to allow remote control, management and monitoring of devices, as well as interaction and collaboration. Its product portfolio includes TeamViewer, TeamViewer Tensor, TeamViewer Pilot, TeamViewer loT, TeamViewer Remote Management, servicecamp and Bizz. The Company has offices in Europe, the United States and Asia Pacific.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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