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Atos Hits €8B Revenue Target in Turnaround Year

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Atos has met its full-year revenue target of €8 billion ($9.3 billion), signaling progress in its turnaround following a major financial restructuring. The French IT services firm's core business saw revenue decline 16.2% to €6.96 billion, while its Eviden division grew 6.7% to €1.04 billion, buoyed by the delivery of the Jupiter supercomputer in Germany.

Operating profit reached €351 million, doubling from the previous year to achieve a 4.4% margin. As part of its Genesis restructuring program, Atos reduced its workforce by 19% to 63,193 employees. The company secured a major cybersecurity contract with the European Commission during the year and reported an order backlog of €10.7 billion.

The company aims to accelerate expansion between 2027 and 2028, targeting annual revenue growth of 5% to 7% and an operating margin of 10% by 2028. Atos also plans to reduce its leverage ratio to net debt below 1.5 times operating income by 2028 as it works toward regaining an investment-grade credit rating.