On Friday, Tietoevry reported a number of interesting things. In Q2, revenue continued to grow strongly, but the result was below expectations. The company raised its revenue guidance and repeated its profitability guidance. However, focus was on the company's plans to separate and list the Banking business, which we expect to clarify the structure, better enable business potential, and dissolve undervaluation. Our estimates remain almost unchanged and we expect stable earnings growth through strengthened revenue growth and profitability and good dividend yield for the coming years.

•          Growth driven by Tietoevry Create, up by 12%, and Tietoevry Banking, up by 10%

•          Adjusted operating margin 10.7% impacted by salary inflation - ongoing efficiency measures driving uplift in H2'22

•          Successful talent attraction with 1 200 new joiners - personnel attrition rates stabilizing

•          Full-year growth outlook upgraded to 3-5% from the previous range of 2-4%

Follow Tietoevry's Q2'22 info on Friday, July 22 at 10:00 am EEST on inderesTV.