Organic revenue was down 3%, more than expectations. Conversely, the book to bill ratio improved thanks to Tech Foundations. Atos was impacted by lower volume in software and cloud licences and longer decision-making by customers in the US and an adverse comparative in South America. The stabilisation of revenue is anticipated in the Americas in Q4 23 (vs -13% in Q3 23). 2023 guidance is confirmed, thereby removing fears of a slippage regarding tough trading conditions in the US market.
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2023 guidance confirmed
Organic revenue was down 3%, more than expectations. Conversely, the book to bill ratio improved thanks to Tech Foundations. Atos was impacted by lower volume in software and cloud licences and longer decision-making by customers in the US and an adverse comparative in South America. The stabilisation of revenue is anticipated in the Americas in Q4 23 (vs -13% in Q3 23). 2023 guidance is confirmed, thereby removing fears of a slippage regarding tough trading conditions in the US market.