wonderfully unique software solutions

Increased enterprise, SMB billings make for strong TeamViewer year end

Remote connectivity specialist TeamViewer has reported sales growth in Q4 of 2021 which will take its full year up 75%.

February’s investor presentation saw TeamViewer billings up 20% year-on-year in the final quarter, making its annual sales up to €547.6 million (£456.4m).

Oliver Steil, chief executive of Germany-based TeamViewer, said year-end results set a course for continued growth.

“With decisive investments in our portfolio, we have built an industry-leading augmented reality (AR) platform and bolstered our position in important growth markets,” Steil said.

TeamViewer is known for its enterprise remote connectivity solution Tensor, but also has a burgeoning AR business. During 2021, TeamViewer inked new partnerships with SAP and Google Cloud with a view to expanding its global reach.

Stefan Gaiser, chief financial officer at TeamViewer, said the quarter’s financial results had matched expectations, delivering profitability and cashflow.

“We successfully expanded our customer base across all industries and verticals. Through our clear focus on cost containment, we were able to maintain high profitability and achieve margins ahead of our revised guidance,” Gaiser said.

Q4 billings growth was “especially strong” in the Asia-Pacific, which rose 31% year-on-year to €13.3m in the quarter, according to the vendor.

Sales growth was driven by enterprise and SMB connectivity business. The company had also managed to contain costs, TeamViewer’s report said, as well as acquiring AR firms Upskill and Viscopic and customer engagement software provider Xaleon during 2021.

TeamViewer will release its annual 2021 report on 16 March 2022.

( Photo by LinkedIn Sales Solutions on Unsplash )

Recent Articles

Usecure builds security awareness focus, adds platform functionalities

MSP-focused security vendor Usecure is continuing to expand the capabilities of its human risk management focused software for partners.

Phishing attacks still plague common file types, Hornetsecurity warns

Phishing via archive, HTML, Excel or PDF files remain the leading email-based cyber attack on organisations, according to cybersecurity specialists at Hornetsecurity.

How TechSmith video-based learning can boost diversity and inclusion

When Hillsborough Community College in the USA wanted to create a remote-learning platform to assist students who use sign language, it turned...

Opswat uprates security for AWS partners in the cloud

Operations tech (OT) and industrial cybersecurity vendor Opswat, maker of MetaDefender, has been expanding and deepening its relationships with Amazon Web Services...

TeamViewer and Siemens to collaborate on augmented, mixed reality

TeamViewer is teaming up with Siemens on augmented and mixed reality (AR/MR) for the product lifecycle management space. The...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Weirdware monthly - Get the latest news in your inbox