(Reuters) – German software developer TeamViewer reported higher-than-expected fourth-quarter revenue on Wednesday, helped by partnerships with tech companies such as Siemens.
Quarterly revenue rose 8% from a year earlier to 163 million euros ($175.16 million), slightly above analysts’ forecast of 160 million euros, according to LSEG data.
On a yearly basis, the German software developer reported slightly higher than expected preliminary revenue which rose 11% to 626.7 million euros, above a company-provided consensus of 623.1 million euros, thanks to favourable currency effects.
“Despite a challenging macro environment and currency headwinds, we delivered strong 2023 results,” said CFO Michael Wilkens in a statement.
TeamViewer’s shares have declined since the end of the COVID-related restrictions, during which companies had used its remote…
