Atos Reports 2020 Third-Quarter Results
PARIS, Oct. 22, 2020 -- Atos, a global leader in digital transformation, today announces its revenue for the third quarter of 2020.
Elie Girard, CEO, said: “Our ongoing Spring transformation is enabling the group to adapt rapidly to meet customer needs in each Industry. For Q3, this has resulted in a record high order book (even without Siemens renewal and expansion) as well as a record high pipeline of commercial offers. Thanks to our 105,000 colleagues embarked on this transformation, the Group is achieving success both qualitatively and quantitatively. Our business in Digital, Cloud, Security and Decarbonization is growing rapidly and changing the profile of the Group significantly. This quarter was obviously also marked by the renewal and expansion of our strategic partnership with Siemens. Overall, this very high level of commercial activity will support the revenue recovery started in Q3 and the return to growth in 2021."
"Group’s teams have also strengthened the pioneering position of Atos in many dimensions over the quarter. In Corporate Social Responsibility, Atos has been once more recognized as the leader of its sector. Our offerings in Decarbonization find a resounding interest from our customers with several signatures already in Q3. Our technological advance in key areas such as computing or cloud has moved further in the context of large European plans on high performance computing and quantum computing as well as Gaïa-X initiative of which Atos is a founding member."
"Finally, pursuing its M&A strategy in Cybersecurity and Digital bolt-ons, the Group today announces 3 new acquisitions. In 2020 so far, 9 Cybersecurity and Digital players will have joined Atos representing a total yearly revenue of almost € 300 million, supporting the reprofiling of Group offering."
"Overall, based on the dynamism of our activity, as well as our strong cost and cash actions launched in the context of the crisis and which are well underway, we confirm today all our objectives for 2020, and are fully prepared to enter into 2021 on a solid footing towards our mid-term ambition and targets.”
Revenue in the third quarter of 2020 reached € 2,644 million, down -3.5% organically compared to Q3 2019 and -2.5% at constant currency.
Q3 2020 revenue by Industry
2020 objectives
The Group confirms all its objectives for 2020:
- Revenue organic evolution: between -2% and -4%;
- Operating margin rate: 9% to 9.5% of revenue;
- Free cash flow: € 0.5 billion to € 0.6 billion.
About Atos
Atos is a global leader in digital transformation with 110,000 employees in 73 countries and annual revenue of € 12 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos|Syntel, and Unify. Atos is a SE (SocietasEuropaea), listed on the CAC40 Paris stock index.
The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.
More info: https://atos.net/en/2020/_press-release_2020_10_22/third-quarter-of-2020
Source: Atos
