TeamViewer AG : Q4 results above expectations on billings driven by strong demand from Enterprise clients
>Enterprise billings increased by +21% y-o-y (+23% cc) in Q4 - TeamViewer released its Q4 results which were above our estimates overall. Total Billings (goods and services invoiced to customers) in Q4 increased by +5% y-o-y (+8% cc) to € 200.8m coming in +4% above our and +3% above consensus expectations of € 193.1m and € 195.1m, respectively. The better-than-expected billings growth was mainly driven by strong enterprise billings in Q4 which increased by +21% y-o-y ...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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