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Investing.com -- French IT company Atos reported a drop in both revenue and orders for the first half (H1) of the year, citing weak commercial activity in France and a difficult market backdrop.
Order intake reached €3.3 billion over the six-month period, down from €3.6 billion a year ago. Despite the decline, the book-to-bill ratio improved to 83% from 73%, suggesting better alignment between new business and delivery.
Revenue for the half-year slipped 17.4% to €4 billion, compared with €4.97 billion in the same period last year. The company attributed the decline to lower contract wins so far in 2024.
“In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay," said Philippe Salle, Atos Group Chairman of the Board of Directors and CEO.
"The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue."
Atos said it has narrowed its contract base, reducing the number of projects with margins under 5% to three, down from seven at the end of 2024. As a result, the hit to operating margin lessened to €16 million, compared with a negative impact of €52 million a year earlier.
Earlier this year, the French government made a formal offer of €410 million to acquire Atos’ Advanced Computing division, which includes the company’s high-performance computing, quantum technology, and AI assets.
Atos said it aims to finalize its planned transaction in the first half of 2026.
The group also confirmed its full-year 2025 outlook.