Order backlog

In the full year, Total Contract Value (TCV) amounted to EUR 1 669  (1 902) million. Full-year book-to-bill stood at 1.1 (1.3). The total value, including the part beyond the notice period, is included in the TCV.

The order backlog amounted to EUR 1 847 (2 030) million. A growing part of Tieto’s business is based on subscription-based sales, which also affects the order backlog. Of the backlog, 49% (46) is expected to be invoiced during the current year.