French IT group Atos misses revenue forecast on contract terminations, soft market


FILE PHOTO: Figurines with computers and smartphones are seen in front of Atos logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Atos missed its annual revenue forecast on Wednesday, dented by contract terminations and market weakness, but saw improved order intake following a restructuring plan that restored client confidence and averted financial collapse.

The French IT group's 2024 revenue stood at 9.57 billion euros ($10.17 billion), a 5.4% decline from the previous year, and fell short of the 9.7 billion euros forecast by the company last September.

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