Tieto

Tieto Corporation INTERIM REPORT 27 April 2010, 8.00 am EET 1 (26) TIETOs lag report 1/2010 (JanuaryMarch): Profitability improves, gross revenue slightly overthrow Highlights: JanuaryMarch profit sales totalled EUR 422.9 (438.0) meg, down 3%. operate profit amounted to EUR 18.8 (4.9) million, representing an operating(a) margin of 4.5% (1.1). Operating profit excluding one-off items was EUR 26.6 (14.8) million, representing an operating margin of 6.3% (3.4). Profit after taxes was EUR 12.0 (1.0) million. Net cash ascend from operations amounted to EUR 27.9 (38.7) million. The companys outlook remains unchanged. Net sales, EUR million Change in net sales, % Operating profit, EUR million Operating margin, % Operating profit excluding one-off items, EUR million Operating margin excluding one-off items, % Profit after taxes, EUR million Net cash run for from operations, EUR million EPS, EUR Q1/2010 422.9 -3 18.8 4.5 26.6 6.3 12.0 27.9 0.17 Q1/2009 438.0 -6 4.9 1.1 14.8 3.4 1.0 38.7 0.01 Hannu Syrjälä, President and CEO: Our business milieu has continued to improve and our execution was solid in the number one quarter of 2010. Sales were slightly down, and profitability improved as a result of successful cost savings actions utilise in 2009.

Operating margin excluding one-off items almost doubled to 6.3% from culture year. The turnaround in Tieto Sweden is well on its way. The good profitability development that started in the latter part of 2009 has continued. In Finland, sales were down a bit merely profitability remained at the 10% level. Tieto Internationals profitability was strained by few divestments, but excluding these, profitability was up substantially. The first half(a) of 2010 is still characterized by sluggish market, and modest growth is evaluate in the latter half of the year. Our volumes have developed favourably, but our sales are affected by lower toll levels due to increased use of offshore resources. Tieto is investing in growth initiatives, but... If you want to get a full essay, consecrate it on our website: Orderessay

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