TietoEVRY : Solid growth in Q1 ahead of a better margin showing for H2
>Accelerating organic growth thanks to the infra recovery - TietoEvry reported its Q1 results yesterday morning. Organic growth came to 4.5% y-o-y, ahead of our expectations (+3.7% org.), with a limited impact in the end from the invasion of Ukraine by Russia (c. 10% of TietoEVRY’s headcount is in Ukraine but the impact on Q1 sales is limited to 0.6%). The group benefited, as expected, from the recovery in its cloud & infra operations, which are now housed mainly in t...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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