French IT consulting company Atos issues a new profit warning

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PARIS :French technology consulting company Atos issued a profit warning on Monday, its second in seven months and coming just several days after its new CEO Rodolphe Belmer, appointed in October, officially took over the reins.Atos said its financial objectives stated in July could not be met, due both to de

PARIS :French technology consulting company Atos issued a profit warning on Monday, its second in seven months and coming just several days after its new CEO Rodolphe Belmer, appointed in October, officially took over the reins.

"I joined the company last week, at the time when the figures were being collected and consolidated. The current state of financial insight leads us to the obligation to issue a profit warning today due to the significant variance in the financial KPIs ," said Belmer. The tenure of Atos' previous CEO, Elie Girard, was tainted by accounting errors and by a July 2021 profit warning.

Atos said it now expected a 2.4per cent decline in its 2021 full year revenues, coming in at 10.8 billion euros - below a previous forecast for"stable" sales.

 

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