Thursday 28 April 2016

*UKHotViews Extra* Atos Q116: UK revenue dip as expected

Atos logoAtos reported on its Q116 results on a very busy day for the TechMarketView team – our Little British Battler (LBB) Day. As a result, we kept our initial write-up short and sweet (see Atos: Currencies take sheen off strong start), but there is much more to add, particularly from a UK perspective.

As we previously highlighted, it was currency effects that dragged down growth at the global level… from a 15% increase at constant currency to a 1.6% organic revenue increase. At the UK level, the organic decline was 7.7% (from €485m to €447m) but was a deeper 9.6% at constant exchange rates. But this decline did not come as a surprise. We had always expected this dip in Q1 due to a number of one offs in the comparable period. Indeed, if we take the growth between Q114 ad Q16, it stands at 6%.

In UKHotViewsExtra, Georgina O'Toole delves into the factors impacting the Q1 results and highlights why we should see an improvement in the UK results in future quarters. TechMarketView subscribers can read the note - Atos Q1: UK revenue dip as expected - now. If you are not yet a subscriber, please contact Deb Seth to find out how to access the research.  

Posted by Georgina O'Toole at '08:55' - Tagged: results   itservices