Atos made a profit warning on its H1 21 figures and downgraded its 2021 guidance. The decrease in the legacy infrastructure activity accelerated in H1 21 and was not offset by the strong demand of migration into the cloud. The negative effect is significant on the operating margin due to the low flexibility of staff costs in legacy IT. Atos implemented also restructurings in the loss-making infrastructure activity in Germany. Atos seems to be having to undergo changes more than it expected.
