Atos SE, a leading IT services provider, has lowered its revenue target for 2024-2027 in the wake of some tech contract terminations and delays in winning new contracts.
Atos previously published its 2024-2027 business plan on April 29, 2024 as part of its financial restructuring process.
Atos Group is now expecting 2024 revenue of €9.7 billion against the previous target of €9.8 billion.
Atos Group is expecting operating margin of €0.2 billion, or 2.4 percent of revenue, compared with €0.3 billion, or 2.9 percent of revenue.
Atos Group is now expecting 2027 revenue of €10.6 billion against the previous target of €11 billion and represents a revenue CAGR of +1.2 percent over the 2023-2027 period, compared with 2.3 percent.
Atos Group is now expecting operating margin of €1.0 billion, or 9.4 percent of revenue, compared with €1.1 billion, or 9.9 percent of revenue, communicated previously.
