Finnish IT services company Tietoevry on Monday raised its full-year profit forecast, citing a favorable court ruling, but trimmed the upper end of its revenue growth outlook.
The company now expects its adjusted operating margin for 2025 to be between 12.7% and 13.3%, up from a previous range of 12.0% to 13.0%, it said.
Tietoevry revised its organic growth forecast to a range of negative 2% to 0%, compared with a prior forecast of negative 2% to positive 1%.
According to the company, the improved profitability outlook is driven by a court ruling in a dispute with customer Sparebank1 Utvikling, which will add approximately 24.5 million euros in the third quarter and 2.2 million euros in the fourth quarter.
The ruling became final in August after neither party appealed.
Tietoevry said the updated outlook also reflects its review of the overall market and the impact from the recently completed divestment of its Tech Services business, which closed on Sept. 2.
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