Future Tech
TomTom's Q1 revenue beats estimates driven by location tech
Dutch navigation and digital mapping company TomTom on Friday reported better-than-expected revenue for the first quarter of 2023, saying its location technology business was gaining momentum.
The Amsterdam-based company, whose customers range from major carmakers to leading global tech firms, posted quarterly revenue of 141 million euros ($156 million), against analysts' forecast of 132 million euros provided by the company.
- Reuters
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