Teamviewer sees weaker Q2 billings growth

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.