TietoEVRY : Risk/reward more uncertain after the recent outperformance of the stock and with challenging 2022 margin guidance
>Solid organic growth in Q2, beating forecasts - On Friday, TietoEVRY published its results for Q2 2022. Organic growth was 4.7%, well above forecasts (ODDO BHF: 2.9%), principally driven by the banking segment (+10% org.) and the create segment (+12% org.). This performance reflects the stability of the group’s underlying momentum. Other segment naturally presented less dynamic performances although they came in a shade above forecasts: Connect posted organic growth ...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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