Latest news with #AdvancedComputing
The Star
2 days ago
- Business
- The Star
Atos reports lower orders and revenue, but confirms outlook for 2025
FILE PHOTO: A view of the logo of French IT consulting firm Atos on a company's building in Nantes, France, April 22, 2024. REUTERS/Stephane Mahe/ File Photo (Reuters) -French IT group Atos reported a decline in its half-year orders and revenue on Friday, hit by subdued commercial activity in France and a challenging market environment, but reaffirmed its sales forecast for the full year. Atos, which expects to close the deal to sell its Advanced Computing division to the French state in the first half of 2026, has shelved plans to divest its Mission Critical Systems (MCS) business that provides secure military communications, as it aims to benefit from rising defence spending in Europe. CEO Philippe Salle said on Friday there would "definitely be a lot more orders" for MCS in the future and that discussions with various interested parties were underway but in early stages. The French state on June 2 formally offered 410 million euros ($469 million) to acquire the Advanced Computing business, which includes its high-performance and quantum computing and AI technologies. Atos, which unveiled a four-year recovery plan in May, reiterated its revenue forecast of 8.5 billion euros for 2025. It aims to reach 10 billion euros in revenue by 2028. Its half-year revenue fell to 4 billion euros, from nearly 5 billion a year earlier. Order intake dropped by around 300 million euros to 3.3 billion, but its book-to-bill ratio improved to 83% from 73% over the same period. A higher ratio indicates greater likelihood of a business covering new orders. The group said it had streamlined its contract portfolio to limit its exposure to projects with margins below 5% to only three, from seven at the end of 2024. This narrowed the negative impact on its operating margin to 16 million euros, from 52 million seen in the same period last year. Atos' net debt rose to 1.68 billion euros as of the end of June. It had a debt of 1.24 billion at the end of last year. ($1 = 0.8747 euros) (Reporting by Leo Marchandon and Gianluca Lo Nostro; Editing by Matt Scuffham and Milla Nissi)
CNA
2 days ago
- Business
- CNA
Atos reports lower orders and revenue for first half of 2025
French IT group Atos on Friday reported a decline in orders and revenue for the first half of the year, citing subdued commercial activity in France and a challenging market environment. The company's order intake stood at 3.3 billion euro ($3.77 billion) for the six-month period, down from 3.6 billion euros a year earlier. Its book-to-bill ratio, which represents the number of orders received versus those fulfilled, rose to 83 per cent from 73 per cent an year earlier. A higher ratio indicates greater likelihood of a business covering new orders. Atos' half-year revenue fell 17.4 per cent to 4 billion euros, compared with 4.97 billion in the same period last year, reflecting low contract wins in 2024. The group said it had streamlined its contract portfolio to limit its exposure to projects with margins below 5 per cent to just three, from seven at the end of 2024. This improved the negative impact on its operating margin to 16 million euros, from 52 million in the same period last year, it said. On June 2, the French state formally offered 410 million euros to acquire Atos' Advanced Computing division, which includes its high-performance and quantum computing and AI technologies. Atos said on Friday it expected to close the deal over the first half of 2026. It also confirmed its guidance for the full year 2025. ($1 = 0.8758 euros)
The Star
02-06-2025
- Business
- The Star
French state makes offer to buy part of Atos' former Advanced Computing unit
The logo of Atos is seen on a company building in Nantes, France, March 11, 2022. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) -The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former Advanced Computing business of tech company Atos, said Atos on Monday. Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos said the French state's offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis. It added that its Vision AI businesses did not form part of the planned deal with the French government, and that Vision AI would be repositioned within Atos' Eviden business unit. ($1 = 0.8792 euros) (Reporting by Mathieu Rosemain and Sudip Kar-Gupta; Editing by Sonali Paul and Kim Coghill)
Reuters
02-06-2025
- Business
- Reuters
French state makes offer to buy part of Atos' former Advanced Computing unit
PARIS, June 2 (Reuters) - The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former Advanced Computing business of tech company Atos ( opens new tab, said Atos on Monday. Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos said the French state's offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis. It added that its Vision AI businesses did not form part of the planned deal with the French government, and that Vision AI would be repositioned within Atos' Eviden business unit. ($1 = 0.8792 euros)
Yahoo
02-06-2025
- Business
- Yahoo
French state makes offer to buy part of Atos' former Advanced Computing unit
PARIS (Reuters) -The French state has made a 410 million euros ($466.33 million)confirmatory offer to buy part of the former Advanced Computing business of tech company Atos, said Atos on Monday. Once seen as a European tech champion, with a market value of more than 10 billion euros at its highest, Atos emerged from financial troubles in 2024 thanks to a restructuring agreement with its creditors. Atos said the French state's offer for its former Advanced Computing business was worth 410 million euros on an enterprise value basis. It added that its Vision AI businesses did not form part of the planned deal with the French government, and that Vision AI would be repositioned within Atos' Eviden business unit. ($1 = 0.8792 euros) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
