Atos posted no organic revenue growth, or only +0.1%, largely below the consensus at +1.9%. The Infrastructure & Data Management division (IDM) concentrated all the difficulties in North America and Germany. Atos missed several deals due to execution inefficiencies of the sales force in North America and at Unify in Germany and was also impacted by a dispute over a contract with a large Telco operator. The poor performance of IDM over 9M18 led Atos to revise downwards its 2018 guidance.
23 Oct 2018
Very disappointing organic revenue growth
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Very disappointing organic revenue growth
Atos SE (ATO:WBO) | 0 0 1.4% | Mkt Cap: 12,966m
- Published:
23 Oct 2018 -
Author:
Hélène Coumes -
Pages:
3
Atos posted no organic revenue growth, or only +0.1%, largely below the consensus at +1.9%. The Infrastructure & Data Management division (IDM) concentrated all the difficulties in North America and Germany. Atos missed several deals due to execution inefficiencies of the sales force in North America and at Unify in Germany and was also impacted by a dispute over a contract with a large Telco operator. The poor performance of IDM over 9M18 led Atos to revise downwards its 2018 guidance.