French IT consulting company Atos in new profit warning

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Atos said its financial objectives stated in July could not be met, due both to delays on deals with customers and to lower margins at its hardware and software resales unit.

French technology consulting company Atos has today issued a profit warning, its second in seven months.

"I joined the company last week, at the time when the figures were being collected and consolidated," Belmer said. "However, most of the items underlying this severe gap are non-recurring. I am convinced that the company has the necessary assets and all the talents to operate a swift turnaround", he added.

The company's fall from grace saw Atos exit France's blue-chip CAC 40 equity index and led to speculation about a takeover or the arrival of activist investors.

 

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