By Gianluca Lo Nostro

(Reuters) -French IT group Atos reported a sharp drop in quarterly revenue on Monday, owing to key contract losses, and said it would only target acquisitions from 2026.

WHY IT MATTERS

Atos, which owns the supercomputers serving France’s nuclear deterrent capabilities, completed a sweeping financial restructuring last year after financial troubles nearly toppled the former IT giant.

It has since slashed 2.1  billion euros in debt, with banks and other bondholders becoming the main shareholders of the company. Chief executive Philippe Salle is leading a turnaround plan focused on divestments, cost-cuts and investments in areas such as defence and high-performance computing.

KEY QUOTES

Salle told journalists the mergers and acquisitions expected in the years ahead

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