Germany's TeamViewer trims revenue forecast on FX headwinds

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German software developer TeamViewer lowered its full-year revenue outlook on Wednesday, citing that foreign exchange headwinds from 2023 billings could likely have a negative impact of up to 11 million euros ($11.84 million).

N), a trend it expects to continue benefiting its fourth-quarter margins.

The company said its profitability in the reported period was boosted by its reduced partnership with Manchester United (MANU.

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Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Frankfurt Company Expects Million Target Outlook Software Cent Revenue Exchange Euros

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 14:21:54 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 206 words

Reading Time: 2 minutes read

Sentences: 9 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23443087

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