Dutch tech company TomTom $TMO.SW , recognized globally for its digital maps and navigation systems, outperformed market expectations with its first-quarter 2024 results. Even a marginal revenue increase signaled a positive turn for the brand, especially following a turbulent 2023. The key to this outperformance was TomTom’s strategic focus on cutting-edge automotive location technologies ― a segment that continues to play a pivotal role in shaping the company’s growth trajectory.