Industry Software business leads TietoEVRY to revenue growth in Q2 results

Kelsey Rees
clock • 2 min read
Industry Software business leads TietoEVRY to revenue growth in Q2 results

However, the Nordic partner’s growth was negatively impacted by the weaker performance of its Cloud & Infra segment

TietoEVRY has posted top line growth for the second quarter of the year, however suffered a dip in its bottom line.  Revenues climbed 5.1 per cent to €721m in Q2, while EBIT fell 9.8 per cent to €139m. The Nordic partner attributed the drop to its Cloud & Infra segment, which was organically down by ten per cent, as a result of lost contracts prior to the merger in 2019.  Adjusted operating margin for the segment improved from the first quarter of 2021 while year on year, margin was ...

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