Tieto Oyj operates within the Computer programming services sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Tieto Oyj with three other
computer services in Europe:
sales of 780.74 million Euro [US$843.13 million]
The Sage Group PLC
of the United Kingdom
(£1.57 billion [US$1.96 billion]
of which 70%
was Subscription Revenue), and
based in Switzerland
(1.05 billion Swiss Francs [US$1.06 billion]
During the year ended December of 2016, sales at
Tieto Oyj were 1.49 billion Euro (US$1.61 billion).
increase of 2.2%
versus 2015, when the company's sales were 1.46 billion Euro.
Despite this increase, sales are still
below the level achieved in 2014, when Tieto Oyj
reported sales of 1.52 billion Euro.
Sales of Managed Services saw an increase
that was more than double the company's growth rate: sales were up
49.1% in 2016, from
511.00 million Euro to 762.00 million Euro.
Tieto Oyj also saw significant increases in sales in
Industry Products (up 15.9% to 475.00 million Euro)
Not all segments of Tieto Oyj experienced an increase in sales in 2016:
sales of Consulting and System Integration fell 65.1% to 139.00 million Euro.
Tieto Oyj also experienced decreases in sales in
Products Development Services (down 17.6% to 117.00 million Euro)