TietoEVRY : Solid Q4 results and guidance for 2023
>Organic growth of 8.6% in Q4, well above expectations - TietoEVRY published its Q4 2022 results yesterday before market open. Organic growth was 8.6%, marking an acceleration vs Q3 (7.8% y-o-y organic), well above forecasts (+5% organic), partly offset by a negative forex effect. This solid performance was mainly driven by ii/ Create which posted organic growth of +11% y-o-y organic (vs ODDO BHF: +9% organic), ii/ Banking which reported +15% y-o-y organic (vs ODDO BH...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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