Tieto’s shares fell approximately 7% in trading on Thursday after the company lowered its full-year forecast for organic sales growth.
The Finnish IT services provider confirmed it is maintaining its profitability guidance, but the reduction in top-line expectations triggered immediate selling pressure from investors.
Earlier this week, shares of major Indian IT firms including Infosys and Tata Consultancy Services declined sharply, with losses reaching up to 3% as broader concerns about enterprise spending weighed on the industry.
The downgrade comes just days before Tieto is scheduled to release its half-year results on Wednesday.
The market reaction suggests traders are prioritizing revenue momentum over margin stability, interpreting the growth cut as a signal of softening demand in the company’s core markets.
This development adds to recent volatility across the technology sector.
Earlier this week, shares of major Indian IT firms including Infosys and Tata Consultancy Services declined sharply, with losses reaching up to 3% as broader concerns about enterprise spending weighed on the industry.