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Finland's TietoEvry Q4 profit rises, while revenue drops

HELSINKI, Feb 17 (Reuters) - Nordic IT services provider TietoEvry on Wednesday reported a rise in its fourth-quarter profit, and said it expects growth in revenue and earnings in 2021.

The company, which finalized the acquisition of Norway’s Evry in December of 2019, reported an adjusted operating profit of 106.4 million euros ($128.6 million), rising from a pro forma 105.2 million a year ago.

Fourth-quarter revenue dropped 8.5% to 712 million euros, with its cloud and infra unit declining 14% to 227.3 million euros. ($1 = 0.8273 euros) (Reporting by Essi Lehto, editing by Terje Solsvik)

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