Nordics MSP Tietoevry sees EBIT plunge by a fifth in Q1

The Finnish IT software and services partner saw its software and data platforms services sales slump by double-digits, in the midst of a business-wide restructure

Kelsey Rees
clock • 2 min read
Nordics MSP Tietoevry sees EBIT plunge by a fifth in Q1

Nordics partner Tietoevry saw its net profits plunge by more than a fifth year on year in its Q1 FY2022. EBIT fell 21 per cent to €6.3m. Revenues were up slightly by 2.7 per cent year on year to €730.9m, which the partner said was primarily due to the success of its digital consulting arm. Within that unit, The Helsinki-HQ group highlighted Tietoevry Create, its digital consulting, analytics and software engineering services set, as its main driver of growth.  The group was also a...

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