Last €21.97 EUR
Change Today +0.18 / 0.83%
Volume 106.3K
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As of 11:30 AM 01/28/15 All times are local (Market data is delayed by at least 15 minutes).

tieto oyj (TIE1V) Snapshot

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52 Week High
06/19/14 - €22.64
52 Week Low
02/4/14 - €16.15
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tieto oyj (TIE1V) Details

Tieto Oyj provides managed services, consulting and system integration, industry products, and product development services in Finland and internationally. It offers application development services, including development platform as a service, development consulting, IT lifecycle extension, and open application suite; application management services; and business and IT consulting services, including co-creation, enterprise information management, industry and business consulting, practical project steering, project and program management, and enterprise modernization. The company also provides business process services, such as business information exchange and intelligent transportation system services; and enterprise applications, including Integrated SAP solutions, integration services, enterprise resource planning and customer relationship management solutions based on Microsoft technology platform, and Oracle services implementation, customization, enhancement, integration, and management services. In addition, it offers front end solutions, such as contact centre as a service, a pay per use solution; and Tieto Future Office, as well as operates Tieto Open Mobility Platform, a suite of mobility accelerators. Further, the company provides business intelligence and enterprise content management services; infrastructure solutions and services; and product development services in the field of communications and embedded technologies. Additionally, it offers application performance monitoring, testing, and troubleshooting services; test tools as service; and test automation solutions. The company provides its services to customers in the automotive, energy utilities, financial services, forest, healthcare and welfare, logistics, manufacturing, media, oil and gas, public, telecom, and retail and wholesale industries. Tieto Oyj was founded in 1968 and is headquartered in Helsinki, Finland.

13,878 Employees
Last Reported Date: 10/23/14
Founded in 1968

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tieto oyj (TIE1V) Key Developments

Tieto and Aditro Extends IT Services Agreement for Key Payroll System

Tieto reached an agreement with Aditro under which Tieto will continue to deliver IT services for Aditro's payroll application for at least three additional years. The agreement is valid from January 2015. The system manages salaries for more than 90,000 employees in about 60 different companies, processing an average of 1.2 million payslips per year. Tieto delivers the application mainly in a mainframe computer environment.

Tieto Gets Contract Extension from If Insurance

If Insurance extended its IT infrastructure agreement with Tieto for the third time after ten years of collaboration. The new contract runs for four years with an option for two more.

FOREX Bank Selects Tieto Oyj to Enhance Digital Channels

FOREX Bank has selected Tieto Oyj to reportedly develop and renew the customer experience in its digital channels. The solution includes a new interface for the internet bank and a mobile bank with full retail online banking service. The new delivery will give FOREX Bank a modern it-environment and a complete end-to-end banking solution delivered as a service. The new contract complements Tieto's current core banking installation which has been used by FOREX Bank for seven years. With new solutions the company will further strengthen the banking part of FOREX Bank's proposition in Sweden, as well as supporting market-leading position in travel money in the Nordic region. Tieto is consistently delivering good quality in core banking solution.


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Valuation TIE1V Industry Range
Price/Earnings 32.6x
Price/Sales 0.9x
Price/Book 3.0x
Price/Cash Flow 12.9x
TEV/Sales 0.8x

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