TietoEVRY : Set for a better balance between growth and profitability
>Improvement in growth in Q4 but digital consulting disappoints - TietoEVRY’s organic growth picked up in Q4, reaching +2.7%, in line with our estimates and an improvement over the disappointing performance in Q3 (+1%). The positive surprise in the quarter and a good part of the acceleration stemmed from the PDS business (engineering services), where growth reached 20%. A significant share of this growth relates to the ramp-up of the Nanjing contract with Ericsson bu...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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