French IT group Atos shelves asset sales to tap into higher military spending

French IT group Atos shelves asset sales to tap into higher military spending

Seventh CEO in four years launches strategy to put ‘madness’ of past restructurings behind the company

France's Atos restores annual guidance after restructuring, sets 2028 targets

French IT group Atos issued an annual revenue guidance on Wednesday, after it had suspended financial forecasts last year due to its restructuring, and said it targeted revenue of up to 10 billion euros ($11 billion) in 2028. Once seen as a European tech champion with a market value of more than 10 billion eu

French IT group Atos says it will simplify its organization, cut expenses, and focus on AI, aiming to reach €9B to €10B in 2028 sales, after years of setbacks

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The new boss of the IT company, Philippe Salle, details in an interview with the "Echos" the main axes of its strategic plan, unveiled this Wednesday.

The Group's turnover could reach 10 billion euros in three years' time thanks to acquisitions. Discussions with the State on the divestiture of the Advanced Computing business are continuing.