TietoEVRY : TietoEVRY reassures the market in Q2. Bright outlook for H2
>Organic growth of +1.5% in Q2, reflecting better momentum - Yesterday morning TietoEVRY released its Q2 2021 results. Organic growth came to 1.5%, significantly higher than forecast (ODDO BHF: -1.7%). This performance reflects a fine improvement in the group’s underlying momentum (+1% vs Q2 2019 vs -2.5% org. in Q1 2021 vs 2019) driven by i/ industry software with organic growth of 13% (vs ODDO BHF: 4%), admittedly aided for 5 points by exceptional licence sales (i.e...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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