| | Atos Origin confirmed its revenue and operating margin targets for the full year, as it posted an 11% revenue growth for its third quarter.
The company reported unaudited consolidated revenue of €1.418bn in Q3 2007 compared to €1.277bn for the equivalent period last year, up by 11.1%. At constant scope and exchange rates, revenue organic growth was 6.6%.
On a year-to-date basis, revenue increased by 8.4%, organically by 4.0% for total revenue and 7.1% for services revenue, confirming Atos' guidance for 2007 of 4.0% revenue organic growth.
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| | for 2007."
Comprising 55% of total Q3 07 revenue, Managed Operations achieved a solid organic growth of 10.3%, with double digit growth in several countries such as the United Kingdom, The Netherlands, Spain and Belgium.
The good performance of the United Kingdom confirmed the expected effect from the ramp-up of the new large contracts signed during the second semester of 2006.
With 39% of Q3 2007 total revenue and a global utilisation rate of 81%, Systems Integration achieved an organic growth of 6.1%, mainly led by The | |
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| | Netherlands, Germany and Central Europe, Americas and Asia Pacific.
France showed a better performance with a 3.4% organic growth compared to a decrease of 0.5% during the first half of 2007. Following the restructuring, revenue decreased in the United Kingdom and Italy respectively by 4.3% and 11.3% and had a negative effect of -4 points on the organic growth of Systems Integration.
Representing 6% of Q3 2007 total revenue, Consulting saw a decrease of 18.5% on a year-on-year basis and 16.2% at constant scope and exchange rates.
Atos said France and The Netherlands remained | |
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| | affected by staff attrition and a lower level of utilisation than last year. In the United Kingdom, the level of order entries and utilisation were not satisfactory, while an organic decrease was expected further to the restructuring.
Atos said the management teams of the Consulting divisions in France, the UK and The Netherlands are currently defining medium-term common standardised consulting practices and offers to be sold in the company's major European markets.
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