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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.
Industries
Data & Analytics
Consulting
Enterprise Software
Cybersecurity
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
Helsinki, Finland
Founded
1968
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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.
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Industries
Data & Analytics
Consulting
Enterprise Software
Cybersecurity
Company Size
10,001+
Company Stage
N/A
Total Funding
N/A
Headquarters
Helsinki, Finland
Founded
1968
Find jobs on Simplify and start your career today