(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.

In the third quarter, overall revenue grew 4% on a constant currency basis, while sales from 1E slipped 8%.

In addition to the muted macroeconomic environment in Europe, “ongoing macro challenges” in the United States, 1E’s traditionally strongest market, affected sales by slower customer decision-making an

See Full Page