Atento S.A. (ATTO) Tops Q4 EPS by 1c
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Atento Reports Fiscal 2016 Fourth-Quarter and Full Year Results, Highlighted by Revenue Diversification, Margin Protection and Strong Cash Flow Generation Company Announces Agreement to Acquire Majori
March 21, 2017 4:24 PM EDTNEW YORK, March 21, 2017 /PRNewswire/ --
Execution of growth priorities during the year offset macroeconomic-driven declines in volume: Total revenue declined 1.4% as broad-based revenue growth of 3.8% from multisector clients, aided by new business wins, was offset by a 7.8% macro-driven decline in Telefónica. Revenue mix from multisector clients increased 3.2 percentage points to 57.8%. Revenue in Americas up 6.5% with strong gains in Peru, Argentina, Colombia, and U.S. nearshore. Revenue mix from higher value-add solutions increased 40 basis points to 24.4%. Full-year reported net income of $3.4 million; adjusted... More