Brief: Tietoevry Keeps Full-Year Outlook Unchanged

Tieto Oyj

23/07/2024 07:11

July 23 (Reuters) - Tietoevry Oyj  TIETO.HE :
    * FULL-YEAR OUTLOOK FOR 2024 UNCHANGED
    * IN JULY TIETOEVRY CREATE INITIATED EMPLOYEE REDUCTIONS  POTENTIALLY AFFECTING AROUND 400
EMPLOYEES GLOBALLY
    * EFFICIENCY MEASURES ARE ONGOING IN TIETOEVRY BANKING, CARE AND  INDUSTRY
    * OUR CONSULTING AND MANAGED SERVICES BUSINESSES  DECLINED IN A MARKET WITH WEAKER DEMAND
    * OUTSOURCING DEMAND  WITH TRANSFORMATION TO CLOUD TO CONTINUE, RESULTING  IN VOLUME DECLINE
OF UP
TO 10% IN TRADITIONAL SERVICES
    * IN Q2 THE BIGGEST PROFITABILITY IMPROVEMENT WAS SEEN IN TIETOEVRY TECH  SERVICES

Source text for Eikon:  ID:nWkr2slb7z 
Further company coverage:  TIETO.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))