HELSINKI, July 20 Nordic IT services provider
Tieto swung to an operating loss in the second
quarter, weighed down by restructuring charges and weak demand
for technology services in Europe.
Tieto, which competes with bigger corporate technology
services companies such as Accenture and IBM,
swung to a quarterly operating loss of 3.7 million euros ($4.5
million) from a profit of 19.2 million euros a year earlier.
Excluding one-off charges, it reported an operating profit
of 28.2 million euros. It reiterated its outlook for full-year
operating profit, excluding special items, to improve from the
previous year's 117 million euros.
($1 = 0.8156 euros)
(Reporting by Helsinki newsroom; Editing by Matt Driskill)