TeamViewer posts Q4 beat in revenue

FILE PHOTO: The logo of software company TeamViewer AG is pictured during TeamViewer's initial public offering (IPO) at the Frankfurt Stock Exchange in Frankfurt, Germany, September 25, 2019. REUTERS/Ralph Orlowski

(Reuters) - German software developer TeamViewer reported higher-than-expected fourth-quarter revenue on Wednesday, helped by partnerships with tech companies such as Siemens.

Quarterly revenue rose 8% from a year earlier to 163 million euros ($175.16 million), slightly above analysts' forecast of 160 million euros, according to LSEG data.