| Atos Origin confirms full-year guidance despite drop in revenue |
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| | Atos Origin has reported
revenue of €2,589m for
the first half of 2009
representing a slight
organic decline of 2.4%.
Operating margin reached
€118m representing 4.6%
of revenue. Adjusted net
income (before unusual,
abnormal and infrequent
items net of tax)
totalled €74m at the
same level as the first
half of 2008.
Thierry Breton,
chairman and CEO of Atos
Origin, said: “During
the first half of 2009,
the Group implemented
strong measures to
address the
deterioration in the
economic environment in
order to control its
cost base and to improve
its operational
profitability. The
implementation of the
TOP Program contributed | |
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| | directly to the
improvement of the
operating margin by
circa 50 basis points.
The TOP Program will
continue to accelerate
in the second half of
2009 which means the
Group is confirming its
guidance that there will
be an improvement in
operating margin of 50
to 100 basis points this
year.”
Consulting revenue
continued to decrease
during the second
quarter of 2009. Revenue
was €133m in the first
half, representing an
organic decrease of
22.6% compared to H1
2008. As announced by
the company last April,
tough market conditions
have persisted since the
beginning of the year
and large customers have
delayed investment and | |
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In managed
operations, revenue was
€1,482m, representing an
organic growth of 5.4%.
Managed services
increased by 5.1% to
€974m, high tech
transactional services
(formerly on-line
services) increased by
6.6% to €434m and
medical BPO increased by
2.3% to €74m.
Total number of Group
employees declined from
50,975 as of 31 December
2008 to 49,407 as of 30
June 2009. New hirings
were reduced by half
between the first and
second quarter of this
year. 2,000 new
employees were recruited
during the first half of
2009 compared to 5,590
in first half of 2008.
The attrition rate has
dropped significantly
from 13.6% in the first | |
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| | half of 2008 to 7.5% in
the first half of 2009.
Total order entries
totalled €2,903m, up by
10% compared to the
level of the first half
of 2008 (+12% at same
scope and exchange
rates). The book to bill
ratio for the first half
of 2009 reached 112%
compared to 98 % for the
same period last year.
As of 30 June 2009,
the full backlog
totalled €7.5bn
representing 1.5 year of
revenue and up 3%
compared to 30 June
2008.
The full qualified
pipeline was €2.6bn up
by €400m compared to 30
June 2008. | |
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| | purchasing decisions.
Systems integration
revenue reached €974m in
the first half of 2009,
representing an organic
decline of 9.3%. This
business line was
impacted by a decline in
the Benelux (19.1%)
where demand dropped
significantly and in
Iberia / South America
(11.9%) where the
economic environment was
particularly tough.
However, the decline was
more limited in the
United Kingdom (2.9%),
in France (5.4%) and in
Germany Central Europe /
EMA (6.5%).
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