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General

TomTom raises FY outlook after solid Q2 results

Tuesday 17 July 2018 | 10:46 CET | News
TomTom reported improving margins in the second quarter, saying its transition to a software and services company is starting to pay off. While revenues were still down to EUR 231 million from EUR 253 million a year ago, the decline in sales slowed compared to previous periods. The gross margin rose to 72 percent from 65 percent a year ago. 

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Categories: General
Companies: Microsoft / TomTom
Countries: Netherlands / World
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