Report
Andrew Lange
EUR 100.00 For Business Accounts Only

We Believe High Customer Switching Costs Underlie Atos' Narrow Economic Moat Rating

Atos’ start to the fiscal year is on track with our expectations, and the long-term growth goals set out in its Ambition 2021 plan seem reasonable at this early stage. We continue to view fiscal 2019 as a reshuffling year with the company digesting the acquisition of both Syntel and Six Payment Services while it reduces its holdings in payments business Worldline. Atos’ focus on digital services, data management, and security saw it start the year with positive organic revenue growth, and we bel...
Underlying
Atos SE

Atos is an international information technology services company operating in 52 countries. Co.'s customers are sectors like Public Sector and Utilities, Telecoms and Media, Financial Services, Process Industries and Discrete Manufacturing and Consumer Products and Retail. Co. operates in seven geographical segments: Germany; France; Benelux and The Nordics; U.K. and Ireland; Atos Worldline; Central & Eastern Europe; North America; Iberia; and Other Countries. Co. delivers IT services through the following five segments: Managed Services, Systems Integration, Consulting, Worldline: ePayment Services, and Cloud & Enterprise Software.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lange

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