Edition:
United States

Tieto Oyj (TIE1V.HE)

TIE1V.HE on Helsinki Stock Exchange

23.76EUR
2 Dec 2016
Change (% chg)

€-0.21 (-0.88%)
Prev Close
€23.97
Open
€24.00
Day's High
€24.00
Day's Low
€23.45
Volume
166,787
Avg. Vol
147,358
52-wk High
€28.47
52-wk Low
€22.20

Latest Key Developments (Source: Significant Developments)

Verisec approved as Tieto subcontractor within framework agreement
Friday, 14 Oct 2016 01:30am EDT 

Verisec AB :Kammarkollegiet (The Legal, Financial and Administrative Services Agency) Statens Inköpscentral has approved Verisec as subcontractor to Tieto within framework agreement Informationsförsörjning.  Full Article

Tieto signs deal with Church of Sweden
Thursday, 13 Oct 2016 04:44am EDT 

Tieto Oyj : Has signed five-year agreement with Church of Sweden to digitalize organisation's document and case management .The implementation will begin during Q4 2016 and is set to be completed by summer 2017.  Full Article

Tieto signs five-year agreement with Kesko
Wednesday, 12 Oct 2016 04:34am EDT 

Tieto Oyj : Has signed agreement with Kesko to modernize large part of Kesko's application and infrastructure services .Says five-year contract has substantial contract value.  Full Article

Tieto acquires assets and rights of Oppad in Norway
Tuesday, 27 Sep 2016 05:33am EDT 

Tieto Oyj : Acquires assets and rights of Oppad in Norway . Oppad is provider of administrative solutions for schools and kindergartens .On Sept. 18 Oppad AS was declared bankrupt and Tieto has bought assets and rights from bankruptcy estate.  Full Article

Tieto acquires Emric, strengthens position as business renewal partner
Thursday, 1 Sep 2016 02:00am EDT 

Tieto Oyj : Strengthens its position as a business renewal partner for financial services customers - acquires Emric . Says transaction supports company's financial services business expansion in Nordic countries and internationally . Acquisition has been completed . Up-front acquisition price, paid in cash at closing, is based on Enterprise Value (EV) of 300 million Swedish crowns ($35.01 million) .Parties have agreed on an earn-out model based on Emric's performance during 2017 and 2018.  Full Article

Tieto Q2 EBIT EUR 32.3 million; above expectations
Friday, 22 Jul 2016 01:00am EDT 

Tieto Oyj : Q2 net sales 381.0 million euros ($420.2 million) (Reuters poll: 383 million euros) . Q2 EBIT 32.3 million euros (Reuters poll: 29.5 million euros) . Says full-year outlook for 2016 unchanged .Still expects its adjusted full-year operating profit (EBIT) to increase from previous year's level (2015: 150.8 million euros).  Full Article

Tieto and Apped sign a Letter of Intent
Wednesday, 15 Jun 2016 09:33am EDT 

Tieto Oyj :Apped and Tieto signed recently a letter of intent to jointly research and develop offerings related to cloud and B2B mobile apps.  Full Article

Tieto aims to achieve reported operating margin (EBIT) of 10 pct
Tuesday, 31 May 2016 03:00am EDT 

Tieto Oyj : Expects its positive financial development to continue . Aims to achieve a reported operating margin (EBIT) of 10 pct and IT services revenue growth faster than market . Sees potential to annually grow by more than 5 pct in IT services, including new areas such as data-driven businesses .Ambition is to maintain adjusted operating margin sustainably above 10 pct and to achieve profitability objective before 2020.  Full Article

Tieto and Sparbanken Syd sign outsourcing agreement for securities business
Thursday, 26 May 2016 02:31am EDT 

Tieto Oyj : Tieto and Sparbanken Syd sign outsourcing agreement for securities business .Agreement is valid for five years and covers IT systems, operations and back office services.  Full Article

Tieto Norway signs agreement with Municipality of Bergen
Monday, 23 May 2016 05:23am EDT 

Tieto Oyj : Says Municipality of Bergen has signed an agreement with Tieto Norway to introduce a new case and records management solution for the entire municipality .Agreement has term of 12 years.  Full Article

BRIEF-Tieto signs three-year deal with Camfil

* Has signed three-year deal with Camfil, Swedish-based provider of air filtration and clean air solutions