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ReutersTeamViewer 'more than confident' in its 2024 forecast
Revenue in the quarter rose 7% from a year earlier to 161.7 million euros ($174.17 million), slightly below analysts' forecast of 165.62 million euros, according to LSEG data. "We delivered growth in both revenue and adjusted EBITDA, a notable success given a persistently demanding macroeconomic climate," CFO Michael Wilkens said in a statement. TeamViewer's shares have declined since the end of the COVID-19 pandemic, during which companies had used its remote connectivity software for employees and customers working from home.
The IndependentAustralian woman accused of mushroom poisoning murders pleads not guilty
Erin Patterson to be heard in Supreme Court after case fast-tracked
ReutersExclusive-China's Nio turns to rival BYD to power new EV brand, sources say
China electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for an EV brand priced at a lower range that aims to compete with Tesla, three sources with direct knowledge of the matter said. It also shows the impact of unrelenting competition over the price of new EVs in China's market, and batteries, the largest single cost in a new vehicle. Nio, which launched as a start-up a decade ago, had intended to produce batteries in-house but abandoned those plans in December as it shifted its focus to cutting costs to reverse losses.
