Atos hits yearly revenue target after restructuring slashed 19% of workforce
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The logo of French IT consulting firm Atos is seen during the 107th session of the Congress of Mayors organised by the "France's Mayors' Association" (AMF) at the Paris Expo Porte de Versailles convention center in Paris, France, November 19, 2025. REUTER
March 6 (Reuters) - French IT services company Atos reported full-year revenue slightly above 8 billion euros ($9.3 billion) on Friday, meeting its target and reflecting progress in its turnaround following significant financial restructuring.
The company slashed its headcount by 19% to 63,193 employees as part of its "Genesis" restructuring programme aimed at restoring profitability after years of turmoil.
* Revenue in the core Atos business unit declined 16.2%organically to 6.96 billion euros despite winning a notablecybersecurity contract with the European Commission during theyear. * Sales in the Eviden division grew 6.7% to 1.04 billioneuros, driven by the delivery of the Jupiter supercomputer inGermany. * Atos had a backlog of 10.7 billion euros at the end ofDecember, representing 1.3 years of revenue, signalling a solidpipeline of contracted work that underpins its confidence in therecovery path. * Atos expects 2026 to be a "year of stabilization" with atarget of positive organic revenue growth, and potentialdownside limited to a 5% decline in a challenging market. * It expects to accelerate growth in 2027-2028, aiming for5-7% annual revenue growth and a 10% operating margin by 2028. * Atos also aims to reduce its leverage ratio to net debtless than 1.5 times its operating income by 2028, as it pursuesan investment-grade credit rating.($1 = 0.8610 euros)
(Reporting by Leo Marchandon in Gdansk, editing by Milla Nissi-Prussak)
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