Finland's Tietoevry Q1 swings to profit
- Country:
- Finland
Nordic IT services provider Tietoevry posted on Tuesday a rise in its operating profit, while maintaining its full-year outlook.
The Finnish company, which finalised the acquisition of Norway's Evry in December 2019, said its operating profit rose to 139.7 million euros ($164.58 million) versus an operating loss of 9.8 million a year ago.
Tietoevry's first-quarter revenue rose 5.1% to 721.7 million euros, with its industry software unit up 14% and the financial services solutions unit up 17%. ($1=0.8488 euros)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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