BREAKING NEWS

BREAKING NEWS

TomTom sees licensing sales growth from Microsoft deal

TomTom sees licensing sales growth from Microsoft deal
@ Copyright :
Dado Ruvic(Reuters)
Text size Aa Aa

AMSTERDAM (Reuters) - TomTom expects significant growth in its enterprise, or software, sales in 2019, the company said in an email on Wednesday, following publication of its fourth-quarter results.

The company had forecast 15 percent combined revenue growth for 2019 from sales of digital mapping services to carmakers and software customers.

Major software customers include Apple, which is building its own mapping system but still uses TomTom for coverage in most areas for Apple Maps, and Microsoft, which this week announced it was expanding its use of TomTom's maps in its Bing and Cortana products.

"We expect enterprise to show significant year-on-year growth in 2019, in part due to the Microsoft deal announced this week," the company said.

(Reporting by Toby Sterling, editing by Louise Heavens)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.