Tietoevry CorporationHALF-YEAR FINANCIAL REPORT22 July 2022, 8.00 a.m. (EEST)

.         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%

.         Strategic review of Tietoevry Banking initiated to unlock its full
value potential

The full interim report with tables is available at the end of this release.

                                                    4-6/2022  4-6/2021
Revenue, EUR million                                739.1     721.7
Change, %                                           2.4       5.1
    Organic growth1), %                             4.7       1.5
Operating profit (EBIT), EUR million                39.7      139.7
Operating margin (EBIT), %                          5.4       19.4
Adjusted2) operating profit (EBITA3)), EUR million  78.7      88.3
Adjusted2) operating margin (EBITA3)), %            10.7      12.2
Adjustment items2), EUR million                     -27.2     63.2
Order backlog, EUR million                          3400      3275
Net debt/EBITDA                                     1.6       1.6

1) Adjusted for currency effects and impact from acquisitions and divestments

2) Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability

3) Profit before interests, taxes and amortization of acquisition-related
intangible assets

Full-year outlook for 2022 - growth outlook upgraded

Tietoevry expects its organic1) growth to be 3% to 5% (revenue in 2021: EUR 2
823.4 million). Previously, the company estimated its growth to be 2% to 4%.

The company estimates its full-year adjusted operating margin2) (adjusted EBITA)
to be 13.1-13.6% (13.0% in 2021).

1) Adjusted for currency effects, acquisitions and divestments.

2) Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability

CEO's comment


Comment regarding the interim report by Kimmo Alkio, President and CEO:

"I am pleased with our continued strong growth in the second quarter, with our
consulting business and banking software business reaching double-digit growth.
While attrition levels are now stabilizing, profitability for the quarter was
impacted by exceptionally high salary inflation, as anticipated. We are on
schedule with the performance improvement programmes in Tietoevry Connect and
Tietoevry Banking and we have also accelerated performance measures in Tietoevry
Transform. These programmes will contribute to our performance in the second
half. Tietoevry Transform ended the quarter with a strong order intake, which
also provides a foundation for improved future performance.

We have today announced a strategic review of Tietoevry Banking to enable its
accelerated growth and realize its full value potential. The strategic review
includes a process to study the potential separation of the Banking business
into a new company and its listing on a stock exchange. We believe that
operating as an independent entity would enable this business to have better
focus, build a clear financial services software identity to attract the best
talent and enhance value to its customers.

We continue to experience an active market with exciting customer initiatives
for applying new cloud and data technologies - to the benefit of our customers'
digital transformation agenda. Broad market demand provides a solid foundation
for continued healthy growth, in line with our full-year ambitions.

It is inspiring to see how our Ukrainian colleagues remain firmly committed to
high-quality customer deliveries every day. We at Tietoevry are doing all that
we can to support our colleagues and their families in these difficult times.

During the summer, we have been commended for our participation in societal
discussions across the Nordics on topics such as cybersecurity, inclusion and
climate change. More than ever, companies are expected to participate in public
dialogue on environmental and social responsibility and the development of our
societies. We at Tietoevry are committed to continuing to be an active
participant in the dialogue and contributing to our customers' sustainability
agenda through our products and services."

Financial performance by segment

              Revenue,  Revenue,  Growth,   Organic   Adjusted1)  Adjusted1)
Adjusted1)  Adjusted1)
                                  %         growth,   operating   operating
operating   operating
              EUR       EUR                 %3)
              million   million                       profit2),   profit2),
margin2),   margin2),
                                                                              %
%
                                                      EUR         EUR
                                                      million     million
              4-6/2022  4-6/2021  4-6/2022  4-6/2021  4-6/2022    4-6/2021

Tietoevry     210.3     188.4     12        12        26.5        23.1
12.6        12.2
Create
Tietoevry     132.3     120.2     10        10        13.6        14.4
10.3        12.0
Banking
Tietoevry     58.3      61.5      -5        -4        17.5        19.5
30.1        31.7
Care
Tietoevry     68.3      78.5      -13       3         11.7        11.0
17.1        14.1
Industry
Tietoevry     118.7     119.1     -0        0         5.4         11.9
4.5         10.0
Transform
Tietoevry     230.7     231.4     -0        1         12.0        15.6
5.2         6.7
Connect
Eliminations  -79.4     -77.3     -         -         -7.9        -7.2        -
-
and
non
-allocated
costs
Group total   739.1     721.7     2         5         78.7        88.3
10.7        12.2

1) Adjustment items include restructuring costs, capital gains/losses,
impairment charges and other items affecting comparability

2) Profit before interests, taxes and amortization of acquisition-related
intangible assets

3) Adjusted for currency effects and impact from acquisitions and divestments

For further information, please contact:

Tomi Hyryläinen, Chief Financial Officer, tel. +358 50 555 0363, tomi.hyrylainen
(at) tietoevry.com

Tanja Lounevirta, Head of Financial Communications, tel. +358 50 321 7510,
tanja.lounevirta (at) tietoevry.com

A teleconference for analysts and media will be held on Friday 22 July 2022 at
10.00 a.m. EEST (09.00 a.m. CEST, 08.00 a.m. UK time). Kimmo Alkio, President
and CEO, and Tomi Hyryläinen, CFO, will present the results online in English.
The presentation (https://tieto.videosync.fi/q2-2022-interimreport) can be
followed on Tietoevry's website (https://www.tietoevry.com/en/investor
-relations/).

Teleconference numbers

Finland: +358 981 710 310

Sweden: +46 856 642 651

Norway: +47 235 002 43

United Kingdom: +44 333 300 0804

United States: +1 631 913 1422

PIN: 66506729#

To ensure that you are connected to the conference call, please dial in a few
minutes before the start of the press and analyst conference. The teleconference
is recorded and it will be available on demand later during the day.

Tietoevry publishes its financial information in English and Finnish.

Tietoevry Corporation

DISTRIBUTION
Nasdaq Helsinki
Nasdaq Stockholm
Oslo Børs
Principal Media

Tietoevry creates purposeful technology that reinvents the world for good. We
are a leading technology company with a strong Nordic heritage and global
capabilities. Based on our core values of openness, trust and diversity, we work
with our customers to develop digital futures where businesses, societies, and
humanity thrive.

Our 24 000 experts globally specialize in cloud, data, and software, serving
thousands of enterprise and public-sector customers in more than 90 countries.
Tietoevry's annual turnover is approximately EUR 3 billion and the company's
shares are listed on the NASDAQ exchange in Helsinki and Stockholm, as well as
on Oslo Børs. www.tietoevry.com