Executive updates highlighted that maintaining an 18% operating margin during period macro-headwinds was heavily supported by their nearshore software engineering and GBS delivery hubs in Tallinn (Estonia) and Riga (Latvia).
Tietoevry delivered an adjusted operating margin (EBITA) of 18.0% (generating €70.2 million in adjusted EBITA on revenue of €389.6 million). The company’s €130 million run-rate cost optimization program was substantially completed, with €125 million in savings realized by the end of Q3.
Vertical Software Execution: Across specialized software business units (such as Tieto Caretech and Tieto Banktech), Baltic teams handle core software engineering, microservices modernization, and cloud maintenance. Migrating legacy software modules to native cloud microservices is routed through Baltic engineering pools to manage overall unit economics.