Teamviewer sees weaker Q2 billings growth, confirms guidance

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BERLIN (Reuters) – Teamviewer, the remote connectivity software specialist, on Thursday reported weaker-than-expected billings growth in the second quarter but stood by its full-year outlook on the back of strong trading in June.

Billings growth, the German company’s preferred top-line metric, grew around 15% in the second quarter on a reported basis and by 18% at constant currencies, below its projections of at least 20% growth.