Atos Announces Q1 2023 Results
PARIS, April 27, 2023 -- Atos, a global leader in digital transformation, high-performance computing and information technology infrastructure, today announces its revenue for the first quarter of 2023.
Atos’ leadership team, Nourdine Bihmane, Diane Galbe and Philippe Oliva, declared: “Atos recorded a robust +2.8% organic revenue growth in Q1 with both businesses delivering on their 2023 priorities. Under its new commercial brand, Eviden reported another solid quarter with high growth, well balanced between its synergetic Digital, Big Data and Cybersecurity activities. Tech Foundations continued to reshape its portfolio, confirming the earlier-than-anticipated stabilization of its core business while further reducing its exposure to non-strategic activities. The Group’s performance keeps improving. We heartedly thank our 110,000 employees for their exceptional commitment.”
Robust Organic Revenue Growth in Q1: +2.8%
Group revenue was €2,806 million in Q1 2023, up +2.2% year-on-year. Organic growth was robust, at +2.8%, reflecting the continuous improvement in the Group’s operational performance. Scope effects accounted for -0.5% (exit of Russia, divestment of EGSE and Sislog). Foreign exchange contributed -0.1%, mainly reflecting the depreciation of the pound sterling against the Euro over the period, mitigated by the appreciation of the US dollar.
Eviden reported a strong +9.5% organic revenue growth in Q1, well balanced between its synergetic activities in Digital, Big Data and Cybersecurity. Digital further accelerated its growth in Q1, driven by new business in application development and modernization, particularly in European markets. Growth was strong in Advanced Computing as the HPC activity continued to ramp up. Digital Security reported another quarter of double-digit growth, with an increasing emphasis on next-generation cybersecurity services and products focused on identity management, encryption and managed detection and response in hybrid cloud environments.
In Q1, Tech Foundations confirmed the earlier-than-anticipated stabilization of core activities in infrastructure, private cloud & platforms, digital workplace and professional services, at +0.1% organic. Portfolio reshaping actions lead to a further managed reduction in non-strategic activities (BPO, hardware & software resale, UCC), resulting in a -2.6% organic contraction for the whole Tech Foundations perimeter. In March, Atos was positioned as a Leader in the Gartner Magic Quadrant for Outsourced Digital Workplace, based on its completeness of vision and ability to execute, for the seventh year in a row.
Click here to continue reading Q1 reporting from Atos. A PDF copy can be found here.
About Atos
Atos is a global leader in digital transformation with 110,000 employees and annual revenue of c. € 11 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 69 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.
Source: Atos
