TeamViewer AG : Q3 results reflect strong pricing power
>FX headwinds supported solid Q3 figures - TMV delivered a set of solid Q3 figures with only adjusted EBIT below our and the consensus estimates. In a challenging environment, TMV increased billings by 15% further accelerating its H1 2022 growth rates of 12%. However, TMV benefited from strong FX headwinds; at constant currency, billings in Q3 2022 increased by just 7%, after 8% in H1 2022. Especially billings in the Americas came in somewhat disappointing as FX adjus...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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