Reported about 1 month ago
French IT firm Atos experienced a 4.4% organic decline in third-quarter revenue due to soft market conditions, with earnings dropping to 2.30 billion euros. Despite this decrease, the company reported improved order entry and anticipates stronger commercial activity in the upcoming months, bolstered by the return of multi-year contracts. Outgoing CEO Jean-Pierre Mustier is set to be replaced by Philippe Salle in February, as Atos aims to recover financially through a restructuring plan approved by the Nanterre Commercial Court.
Source: YAHOO