Tieto Cuts 2026 Organic Revenue Outlook, Expects 5%-6% Decline
Bitget2026/10/26 17:16- Tieto cut its 2026 organic revenue growth forecast to -6% to -5%, from -5% to -3%.
- Adjusted EBITA margin guidance rose to 15.5%-16%, from 14.8%-15.8%, supported by cost savings and cost controls.
- Weak Tech Consulting demand weighed on growth; its ongoing transformation is expected to support growth gradually from 2027.
- Lower volume-based business in Banktech and Indtech also hurt growth.
- Preliminary third-quarter revenue fell to EUR 389.6 million from EUR 454.2 million; organic revenue declined 11%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ripple's Dubai Event Presence Gets High-Profile Boost From Emirates Chairman
Signal of a rebound? Goldman Sachs US stock panic index reaches "extreme levels"
Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.
SpaceX (SPCX.US) undergoes board changes: Google executive departs, Tesla merger evaluation underway.
SpaceX (SPCX.US) announced on Friday that Don Harrison has resigned from the company's board of directors.
Crypto prices
More
