:Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance.After being hit by the global chip shortage that has disrupted the automotive and electronics industries, TomTom is
:Dutch navigation and digital mapping company TomTom raised its 2023 revenue forecast on Friday, after posting better-than-expected fourth-quarter revenue driven by strong automotive performance.
"Increased car production volumes and a further ramp up of some contracts led Automotive to generate revenues of 77 million euros in the quarter, an increase of 64 per cent compared with the same quarter last year," Chief Finance Officer Taco Titulaer said in a statement.
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TomTom raises 2023 guidance after Q4 beatDutch navigation and digital mapping company TomTom on Friday raised its 2023 guidance, after posting better-than-expected fourth-quarter revenue.The Amsterdam-based firm, whose customers range from major car companies to leading global tech firms, forecast revenue for the current fiscal year in a range o
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