Atos : Significant adjustment to targets...but not the valuation
>Unexpected deterioration in the underlying trend in Q2 - Yesterday morning, Atos announced its preliminary results early than expected due to a performance that came in well below forecasts, leading to an adjustment to full-year targets. The group reported an organic decline of -1.5% in Q2, which although an improvement vs Q1 (-3.9% org.) was not as good as expected (ODDO BHF: 0.4% org). This actually reflects the deterioration in the underlying trend, restated...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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