Software specialist: Teamviewer is growing sharply in the fourth quarter

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Jeff Horseman
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Software Specialist
Teamviewer is growing sharply in the fourth quarter

At the time of the IPO for the software manufacturer, Teamviewer 2019 it was the largest IPO by a technology company since the Bursting of the Dotcom bubble. Photo: Andreas Arnold/dpa

© dpa-infocom GmbH

Teamviewer is one of the winners of the Corona-crisis. Schuler company benefits from a high demand for home office and remote maintenance Software.

The software provider Teamviewer has also in the fourth quarter of significant growth and its own 2020 targets slightly exceeded.

The invoices (Billings) for the full year were 2020 according to preliminary Figures, at around 460 million euros, as the MDax companies announced on Monday in Göppingen, Germany.

In the fourth quarter of the invoiced sales revenues currency grew, adjusted for 32 per cent, and almost as strong as in the third quarter. Without the acquisition of the software specialist Floor expected the Billings would be located at 456 million euros, it said Teamviewer. This is slightly more than the upper end of the targeted range of up to 455 million euros.

In the fourth quarter, the number of subscribers grew from 567.000 on about 584.000, the number of very large customers continued to increase. The full financial figures of the company lays on 9. February.

dpa

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