Digital mapper TomTom's Q1 revenue beats estimate on location technology performance


FILE PHOTO: TomTom navigation are seen in the car in this illustration taken July 28, 2017. REUTERS/Dado Ruvic/File Photo

(Reuters) -Dutch digital mapping specialist TomTom beat revenue expectations on Tuesday, after a strong performance in its automotive and enterprise location technology businesses.

The Amsterdam-based company posted revenue of 140.4 million euros ($159.44 million) for the first quarter, up 1% year-on-year, and above the 136 million euros forecast in a company-provided consensus.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

AI startup Humans& raises $480 million at $4.5 billion valuation in seed round
Roche's Genentech more than doubles investment in North Carolina facility to about $2 billion
Legal AI startup Ivo raises $55 million in latest funding round
Britain needs 'AI stress tests' for financial services, lawmakers say
Bristol Myers partners with Microsoft for AI-driven lung cancer detection
US IT hardware stocks tumble as Morgan Stanley flags slowing demand
Sequoia, Accel-backed Ethos Technologies eyes $1.3 billion valuation in US IPO
UK weighs Australia-style social media ban for children under 16
Meta 'turning a blind eye' to illegal gambling ads, UK Gambling Commission says
MCMC and Selangor govt sign MOU on smart cities project

Others Also Read