💨 Abstract

TeamViewer, a German software developer specializing in cloud-based technologies, has lowered its full-year revenue outlook due to foreign exchange headwinds from 2023 billings, which could negatively impact up to 11 million euros. Despite this, the company raised its outlook for adjusted core profit (EBITDA) margin to about 44%, due to better-than-expected profitability in Q3.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖