HELSINKI Feb 6 Nordic IT services provider
Tieto reported a 28 percent jump in its
fourth-quarter adjusted profit despite a slight fall in sales,
due to cost cuts.
Tieto, which competes with bigger technology services
companies such as IBM and Accenture, said its
quarterly operating profit excluding items rose to 43.8 million
euros ($59.3 million). Analysts on average expected 41.2 million
euros, according to a Reuters poll.
The company has been cutting costs and divesting some
operations to cope with slower corporate spending. It forecast
operating profit excluding items to improve in 2013.
($1 = 0.7392 euros)
(Reporting by Helsinki Newsroom)