TeamViewer AG : Continued growth in Q2 driven by strong demand from enterprises
>Revenue expectations slightly beat - Q2 results are overall in line with expectations, billings and the Enterprise segment are slightly above expectations. Total Billings (goods and services invoiced to customers) are increased by +5.1% y-o-y to € 158.3m, +2.8% above our and the consensus expectations. Revenue came in at € 164.1m, an increase of +6.4% (+9.0% cc) y-o-y which is in line with our and the consensus estimates of € 163.9m and € 163.1m respectively. Both s...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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