Atos : Solid organic growth in Q1 but bookings remain lacklustre
>Q1 organic growth of 2.8%, ahead of expectations but the book-to-bill remains low - Yesterday morning, Atos reported Q1 2023 revenues of € 2,806m, 2% ahead of expectations, thanks to organic growth of +2.8%, above expectations (consensus: +0.3% organic; ODDO BHF: -0.4% org.). Both divisions topped expectations: i/ Tech Foundation (TFCo) posted a decline of -2.6% org (ODDO BHF: -5.0% org.; consensus: -4.2%) better than the full-year soft guidance (-5% organic). Core ...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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