TietoEVRY : Growth improving but margins impacted by inflation
>Org. growth of 2.7% in Q4, improving in line with our expectations… - TietoEVRY just released Q4 revenues of € 742m, up 4% y-o-y, and slightly above expectations (vs consensus € 731m and ODDO BHF € 740m)Organic growth came to 2.7%, in line with our expectations (vs ODDO BHF 2.7% y-o-y org.). This marks an improvement vs the previous quarter (+1% in Q3 2021; +1.5% y-o-y org in Q2 2021) thanks to much faster growth than expected at the PDS unit and a less pronounc...Tieto is an IT services company in the Nordics providing full lifecycle IT services. The reportable operating segments in service line dimension are Managed Services, which is an IT infrastructure and cloud provider that provides enterprise platform services and end user solutions; Consulting and System Integration, which provides consulting and system integration services, application management and transformation consulting; Industry Products, which provides industry-specific software products and productized solutions; and Product Development Services, which provides services in the field of communications and embedded technologies for a global customer base.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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