Tietoevry Oyj

TIETO

Equity

ISIN FI0009000277 / Valor 472478

NASDAQ Helsinki Ltd, Equities (2025-04-08)

EUR 15.33+1.19%

Tietoevry Oyj
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About company

Tietoevry Oyj is a prominent technology firm with deep roots in the Nordic region, boasting a comprehensive global reach. The company is recognized for its expertise in cloud, data, and software solutions, employing around 24,000 professionals worldwide. Tietoevry caters to a diverse clientele, including thousands of enterprises and public-sector organizations across more than 90 countries. With an annual turnover of approximately EUR 3 billion, the company's financial performance underscores its significant role in the technology sector. Tietoevry is publicly traded, with its shares listed on the NASDAQ exchanges in Helsinki and Stockholm, as well as on the Oslo Børs. The firm prides itself on its core values of openness, trust, and diversity, aiming to drive digital innovation that benefits businesses, societies, and humanity at large.

Summarized from source with an LLMView SourceSector: Technology

Revenue Decrease

In the third quarter of 2024, Tietoevry Oyj reported a 1% decrease in revenue, attributed to a weakening market. The company's Tietoevry Create and Tech Services segments were particularly affected, with organic revenue declines of 4% and 3%, respectively. Despite these challenges, Tietoevry Banking and Tietoevry Care experienced growth, with increases of 4% and 3%, respectively.

Profitability Improvement

Tietoevry Oyj achieved a resilient profitability with an adjusted operating margin of 13.5% in Q3 2024. This improvement was driven by active cost management and efficiency measures across its business segments. Notably, Tietoevry Create's profitability rose to 12.1%, while Tietoevry Tech Services reached 10.5%. Tietoevry Care maintained strong profitability at 31.6%.

Strategic Review Progress

The strategic review of Tietoevry Tech Services is advancing, with the company currently in an exclusive process with a non-industrial buyer. This process may lead to a transaction, although no definitive outcome has been confirmed yet.

Generative AI Utilization

Tietoevry Care, in collaboration with the wellbeing services county of Central Finland, piloted the use of Generative AI to classify customer feedback data. Utilizing Microsoft Azure OpenAI service, the AI classified feedback related to patient care and customer service, highlighting areas for service development and improvement.

Apple Pay Integration

Tietoevry Banking played a key role in integrating BankAxept, Norway's national payment system, into Apple Pay. This initiative allows Norwegian card users to make secure payments using iPhones or Apple Watches. The collaboration underscores Tietoevry Banking's position as a modernization partner for international payment solutions.

Summarized from source with an LLMView Source

Key figures

-21.6%1Y

-36.3%3Y

-25.3%5Y

Performance

26.0%1Y

24.3%3Y

25.1%5Y

Volatility