TietoEVRY : Q3 2023 results in line with expectations overall. Guidance reiterated
>Q3 organic growth of 2%, in line with expectations - Yesterday before the open TietoEVRY reported Q3 2023 results. Organic growth came to 2%, a slight deceleration vs Q2 (3% yoy org), as expected (+2.0% org). The organic slowdown stemmed from ongoing high inflation combined with the negative impact of the number of working days (-1.4 pt at the group level). By division, the group was hurt by a slowdown in the tech services division, which posted an organic drop of 4...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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