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) -TeamViewer said on Tuesday it expects full-year revenue to be at the lower end of its prior outlook of 778 million euros to 797 million euros ($907 million-$929.5 million), driven by weakness in its recently acquired 1E business.
Standalone annual recurring revenue at 1E, a December 2024 acquisition, which develops products that detect IT issues, was below expectations due to "ongoing transformation and persistent macroeconomic challenges", the company said in a statement.
