Tieto

Tieto

IT services to accelerate business transformation

Overview

Tieto provides IT services to help businesses run more efficiently in a multi-sourcing, digital environment. Its offerings include consulting, system integration, cloud services, security, and industry-specific solutions across sectors such as energy, retail, finance, healthcare, and public sector. The company helps clients modernize their operations by combining business and IT transformation, data-driven insights, and managed services to enable digital experiences, compliant governance, and streamlined IT operations. Its approach differentiates itself through its emphasis on service integration and management (SIAM) in multi-vendor landscapes, end-to-end industry-focused solutions, and ongoing support that covers security, cloud orchestration, and transformation programs. Tieto’s goal is to help customers accelerate digitalization, improve efficiency, and realize cost predictability through integrated, secure, and scalable IT services.

About Tieto

Simplify's Rating
Why Tieto is rated
C+
Rated B on Competitive Edge
Rated C on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Consulting

Enterprise Software

Cybersecurity

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

Helsinki, Finland

Founded

1968

Get referred to Tieto

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 adjusted EBITA rose to 14.9%, driven by cost optimization.
  • Tieto launched a EUR 90 million buyback on 22 July 2026 after divestments.
  • Run-rate savings reached EUR 115 million by Q2 2026, targeting EUR 130 million year-end.

What critics are saying

  • On 17 July 2026, Tieto cut 2026 organic growth guidance to minus 5% to minus 3%.
  • Q2 2026 Tech Consulting revenue fell 15%; customers delayed larger projects across Europe.
  • Up to 500 employees faced reductions in 2026; persistent consulting weakness threatens the Tieto Tech Consulting franchise.

What makes Tieto unique

  • Tieto runs vertical software in Banking, Care, and Industry after the 2025 Tech Services sale.
  • On 6 August 2026, Tieto became a Microsoft Frontier Partner for AI, cloud, and security.
  • The 17 February 2026 Orange Business deal pushes sovereign-cloud managed services across all four businesses.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Flexible Work Hours

Company News

Yahoo Finance
Apr 30th, 2026
Tieto Oyj reports $119M cost savings amid 3% revenue decline and 800 job cuts

Tieto Oyj reported Q1 2026 results showing a 3% revenue decline driven by legacy contract runoffs in Banktech and Caretech, though adjusted EBITA margin improved over 4 percentage points year-over-year to 14.7%. The Finnish IT services company's order backlog grew 8% year-over-year, whilst operating cash flow rose 9% on a comparable basis. The company achieved €105 million in run rate savings from its cost optimisation programme, targeting €130 million by year-end 2026. However, weak demand in Tech Consulting and geopolitical uncertainties impacted performance, prompting Tieto to announce an additional 500 employee reduction. Banktech profitability improved to 17.3% with underlying growth around 3%, whilst Caretech achieved a 26% margin. Leverage improved to 1.3x following the completion of the Bekk Consulting divestment, which contributed €147 million to free cash flow.

Recently Posted Jobs

Sign up to get curated job recommendations

Tieto is Hiring for 27 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →