Report
Nicolas David

Atos : The derating looks excessive as IDM should make up for B&PS

>Signs of temporary weakness in B&PS in the US - Following the weakness in the share price since last week, reflecting the management’s reportedly cautious message in its most recent road shows and September conference, we took stock of the situation with the company.Atos confirmed that it has seen a slowdown in demand in B&PS (Business & Platform Solutions) in the banking and finance sector in the US since the summer. These businesses mostly stem from the integr...
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
Oddo BHF
Oddo BHF

​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.

Analysts
Nicolas David

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