On a regional basis, AMS (North and South America) saw the highest growth in billings with 60%, followed by EMEA (Europe, Middle East and Africa) with a 41% and APAC (Asia and Pacific Countries) with a 30% increase for the first nine months. For the first nine months, billings were up 45% year-over-year to EUR 224 million (9M 2018: EUR 155 million). TeamViewer's billings in the third quarter 2019 grew by 63% year-over-year to EUR 83 million (Q3 2018: EUR 51 million). Furthermore, TeamViewer has initiated the setup of a new R&D hub in Greece to further accelerate its innovation roadmap. During the first nine months the Company has substantially strengthened its activities in these regions to further drive geographic expansion.
#TEAMVIEWER 9 COST ANDROID#
With the recent release of version 2.0, TeamViewer Pilot now supports Android devices as well as headsets and smart glasses.īy now, TeamViewer has a truly global footprint with offices in major growth regions.
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Subscribers with annual contract value (ACV) above EUR 10,000 per year grew strongly by 60% to 590 customers in the third quarter 2019 year-over-year.Īn example for innovative new use cases is TeamViewer Pilot, an Augmented Reality (AR) product, that enables field professionals to receive live guidance from remote experts. TeamViewer's new enterprise product showed significant traction. Shares have been sold at a price of EUR 26.25 per share.ĭuring the first nine months of 2019, TeamViewer continued to drive tangible growth initiatives along three key strategic dimensions: strengthen customer segment coverage, increase the number of use cases, and expand the geographical footprint.
#TEAMVIEWER 9 COST FULL#
have been placed with investors, consisting of 60,000,000 Base Shares and 15,000,000 Additional Base Shares in full exercise of the Upsize-Option. In total, 75,000,000 ordinary bearer shares with no par value from the holdings of the Existing Shareholder Tiger LuxOne S.à r.l. On September 25, 2019, TeamViewer AG started its trading on the regulated market segment of the Frankfurt Stock Exchange (Prime Standard). We are therefore well on track to deliver on our full-year guidance."
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Stefan Gaiser, CFO of TeamViewer, said: "The strong billings and Cash EBITDA growth in the third quarter underpins our confidence in our 2019 targets.
#TEAMVIEWER 9 COST SOFTWARE#
The traction of our strategic growth initiatives is reflected in our billings growth, and our subscription based Software as a Service business model results in very good earnings growth." Oliver Steil, CEO of TeamViewer, said: "Our first results as a listed company underscore TeamViewer's strong financial profile combining high growth with high profitability.
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Growth was mainly driven by a strong increase in subscriptions resulting from key strategic initiatives, including the successful Enterprise product roll-out. In this period, Cash EBITDA grew by 54% to EUR 120 million (9M 2018: EUR 78 million) resulting in an improved Cash EBITDA margin of 53% (9M 2018: 50%). Billings increased by 45% year-over-year to EUR 224 million (9M 2018: EUR 155 million). TeamViewer AG continued its profitable growth during the first nine months of fiscal year 2019.
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