Olympics Partner Atos Posts Heavy Losses Amid Restructuring
- Debt rose to €4.2 billion from €3.9 billion at end of March
- Company has increased investment in client projects, CFO said
This article is for subscribers only.
Atos SE reported a €1.94 billion ($2.1 billion) loss for the first half of the year, as a hefty impairment charge and weaker customer demand weighed on the embattled French IT company.
Revenue was €2.49 billion in the second quarter, down 2.8% from a year earlier. Its digital transformation business Eviden was down 4.2% in the first half, which the company credited to a market slowdown in the US and “contract scope reductions” in the UK, the company said in a statement on Thursday.