Tieto Corporation STOCK EXCHANGE RELEASE 31 May 2016, 10.00 am EET Tieto is holding its Capital Market Day in Helsinki today. At the event the company will provide insights into its recently launched strategy, addressing drivers of competitiveness in today’s dynamic IT software and services market. In their presentations, Tieto leaders will discuss the respective businesses and outlook for 2016–2020. With its new strategy for 2016–2020, launched on 17 March, Tieto aims to become customers’ first choice for business renewal as the leading Nordic software and services company. Tieto is looking forward to further accelerating growth and scale – and to continue providing shareholder returns above industry average. The company sees its competitiveness as being mainly driven by software-based industry solutions, cloud services and cognitive automation. “We see an attractive market with opportunities for our customers to drive efficiency in their businesses and in parallel innovate new business models. Our aim is to provide customers with new opportunities to both renew their businesses and co-create future innovations. We expect to increase the scalability of our business through software-driven businesses, automation and actively working with our ecosystem partners,” says Kimmo Alkio, President and CEO. Tieto expects its positive financial development to continue. According to its formal financial objectives, Tieto aims to achieve a reported operating margin (EBIT) of 10% and IT services revenue growth faster than the market. While the financial objectives remain unchanged the company sees potential to annually grow by more than 5% in IT services, including new areas such as data-driven businesses. Growth potential is anticipated to materialize especially towards the end of the strategy period. The ambition is to maintain the adjusted operating margin sustainably above 10% and to achieve the profitability objective before 2020. Tieto Capital Market Day will be webcasted with a live stream. A link to the webcast and the material for the event are available at www.tieto.com/Investors. On-demand videos will be available on 1 June. For further information, please contact Lasse Heinonen, CFO, tel.+358 2072 66329, +358 50 393 4950, lasse.heinonen(at)tieto.com Tanja Lounevirta, Head of Investor Relations, tel. +358 50 321 7510, tanja.lounevirta(at)tieto.com TIETO CORPORATION DISTRIBUTION NASDAQ Helsinki NASDAQ Stockholm Principal Media Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. Headquartered in Finland, Tieto has over 13 000 experts in close to 20 countries. Tieto’s turnover is approximately EUR 1.5 billion and shares listed on NASDAQ in Helsinki and Stockholm. www.tieto.com
Tieto Capital Market Day 2016: Accelerating innovation and
Top 10 Most Recent News Articles
WeaveGrid Powers EVConnectNC: Charging Incentives Launched
Transforming Utilities with EVConnectNC In a fresh move by WeaveGrid, North Carolina's Electric Cooperatives have teamed up to roll out EVConnectNC. This innovative program aims to manage the burgeoning demand for electric vehicle (EV) charging in rural and suburban areas under North Carolina's cooperative umbrella. Think of it as a smart way to handle new loads without...
Continue Reading
PASCAL's Holiday Gift Edit: Timeless Watches Shine
Fresh Sparkle for the Holidays Well, here we are again, staring down the barrel of another holiday season. And what do you know, PASCAL is out with its 2026 Holiday Gift Edit, like clockwork. This is the kind of stuff they’re good at—capturing a moment, slapping some color on it, and calling it a game-changer. Launching on November 14, this edit nods to their Timeless...
Continue Reading
AppLovin Legal Woes: A Deep Dive into Investor Claims
AppLovin Faces Legal Heat and Market Scrutiny Bitter truth has a way of crashing like a wave, and AppLovin (NASDAQ: APP) is feeling the brunt of it. Now knee-deep in a securities class action, the firm’s been accused of selling fairy tales about its AI capabilities, leaving investors clutching at substantial losses. If you’ve been banking on their promises between...
Continue Reading
HONGQI's EHS4 Launch in Europe: Bridging East and West
Revving Up a New Chapter: HONGQI in Venice There's a new player in the European automotive scene, and it's rolling in with more style than a Venetian gondola. HONGQI, a name that's been turning gears in China since '58, is packing its suitcases full of Eastern elegance and landing straight in Venice with the all-electric EHS4. On November 16, the brand is set to unveil...
Continue Reading
BETR's Slide: Investors Face Big Losses, Leadership Shift
BETR Investors Left in the Lurch It's a real trainwreck, folks. Better Home & Finance Holding Company, trading under NASDAQ:BETR, is in the spotlight for all the wrong reasons. The company expanded the class period for its investor lawsuit to include even more dates between March and August 2026, reflecting a torturous ride for shareholders. Their stock cratered by a...
Continue Reading
Novo's Research Unlocks New Insights into Food Noise
Unpacking the Science Behind Food Noise When folks think about losing weight, most picture shedding pounds and fitting into those elusive smaller jeans. But get this—there’s a curveball called ‘food noise’ that’s making waves in obesity treatment. Novo Nordisk’s semaglutide injections are shaking things up, cutting down on those persistent thoughts about food....
Continue Reading
Webull Faces Class Action: Key Details for Investors
What's Really Going on With Webull? When you hear there's a class-action lawsuit brewing, you know something's gone real sideways. Webull Corporation (NASDAQ: BULL) finds itself neck-deep in a securities fraud class action alleging some dicey dealings with China. If you've got skin in the game—and if you bought Webull stock between April 26, 2025, and October 6,...
Continue Reading
Fluence Energy Faces Leadership Departures Amid Legal Woes
Fluence Energy's Rocky Road Continues It's chaos once again in the halls of Fluence Energy (NASDAQ:FLNC). The ship seems to drift further from solid ground as their CEO and CFO candidly decided to jump ship, shaking investor confidence even more vigorously. The market's reaction was swift and brutal: a nasty 9% share drop, leaving investors with more than just a headache....
Continue Reading
Luvme Hair Offers Wig Variety for Winter Fashion
Adding Flair to Winter Looks A style kick-off from the fashion world: Luvme Hair is flipping the table on winter wardrobes with a new collection of wigs. As the weather ramps up the need for thick coats and cumbersome layers, these long hairstyles offer a little extra swing, bringing dimension into the mix. Fancy a change from traditional winter hibernation? Here’s what...
Continue Reading
El Pollo Loco Faces Class Action Over Wage Practices
Alright, here's where things start sizzling—El Pollo Loco, the fast-food chicken chain whose name translates to 'The Crazy Chicken'—is in a legal pickle. The lawsuit hanging over their heads could spell a sticky situation for them and possibly ripple through the fast-food industry. The suit, filed by the steadfast firm Blumenthal Nordrehaug Bhowmik De Blouw LLP, has...
Continue ReadingTop 5 Most Recently Viewed Articles
Discover the Zodia Diary 2025: Your AI-Powered Companion
Unlock the Future with Zodia Diary 2025 In a world increasingly shaped by artificial intelligence, Shoppility is proud to present the Zodia Diary 2025. This innovative product merges advanced AI functionalities with astrology, offering users a unique perspective on their daily lives and futures. It’s not just a diary; it’s a personal companion designed to guide you...
Continue Reading
Assessing the Elimination of Pennies: Impact on Commerce
Assessing the Case for Eliminating Pennies President Donald Trump has made a significant directive to the Treasury Department, urging the halt of new penny production. This has brought the discussion of pennies, the smallest unit of U.S. currency, back into the spotlight. The central inquiry is: should we continue to produce these coins? The Rising Costs of Penny...
Continue Reading
Insights into Recent DGBI 2030 and DGB 2035 Auction Results
Overview of Recent Auction Results Recently, a significant auction was held for two Danish government bonds: the 0.10% DGBI maturing in 2030 and the 2.25% DGB maturing in 2035. These auctions are notable events in the financial calendar, as they provide valuable insights into the market's perception of risk, value, and future interest rates. Investors and analysts keenly...
Continue Reading
Discover the Significant Gains of Investing in AerCap Holdings
A Journey Through AerCap Holdings' Investment Landscape AerCap Holdings (NYSE: AER) has shown remarkable growth over the last 15 years, outperforming the market by an impressive 4.49% annually. This consistent growth has resulted in an average yearly return of 16.85%, marking AerCap as a formidable player in the aviation leasing sector. The Impact of Long-Term Investments...
Continue Reading
Intel Welcomes New Leadership Amid Stock Market Changes
Intel's New Era with Lip-Bu Tan as CEO Intel Corp. (NASDAQ: INTC) is making headlines as its shares surge following the announcement of a new chief executive officer. The decision comes at a critical time in the tech industry, signifying potential advancements and strategic reforms in the company’s operations and market approach. Appointment of Lip-Bu Tan The board of...
Continue Reading