Atos : Diagnosis seems correct but the recovery will take time
>Q1 2021 growth penalised by the US and Germany - Atos reported yesterday morning Q1 organic growth of -3.9%, below estimates (-2.3%) and showing an unexpected decline compared to Q4 2020 (-2.9%). This underperformance is mainly due to a significant deterioration in activity in North America (organic decline of close to -13%), penalised at $ 40m (around -6%) by postponed milestone projects and weakness in discretionary services. Atos’ management did not think that the...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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