French IT agency Atos buys additional three firms, posts Q1 gross sales drop By Reuters


© Reuters. FILE PHOTO: FILE PHOTO: Folks stroll in entrance of the Atos firm’s brand throughout a presentation of the brand new Bull sequana supercomputer in Paris

(Reuters) -French IT consulting group Atos mentioned on Tuesday it acquired three extra firms, because it continues its collection of bolt-on acquisitions, whereas reporting a drop in its first-quarter income.

The group mentioned it had purchased Canada-based Processia, UK-based Ipsotek and German cybersecurity agency cryptovision. It gave no monetary particulars of the transactions, and mentioned the offers have been anticipated to shut within the second and third quarters.

Atos accomplished in 2020 a collection of bolt-on acquisitions in a bid for its mid-term revenues to succeed in a 65% share in digital, cloud, safety and decarbonisation.

In February, Atos and U.S. rival DXC Know-how determined to discontinue talks about what would have been the deal-hungry IT consulting group’s largest acquisition to this point, value greater than $10 billion.

The Paris-based agency, which develops end-to-end options in hybrid cloud, large knowledge, enterprise functions and digital office mentioned its first-quarter income got here 1.9% under final 12 months’s determine at 2.69 billion euros ($3.24 billion).

The group mentioned it determined to conduct a full accounting overview of the 2 U.S. authorized entities and would give a standing replace on the time of first half outcomes on July 28.

Earlier in April, it disclosed that auditors had discovered accounting errors at these models, main the shares to droop 18%.

Atos confirmed its full-year steering of income progress of three.5% to 4% and an working margin of between 9.4% and 9.8%.

($1 = 0.8292 euros)

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