Atos Q3 revenues surge 72.9% to US$2.78bn

- Friday, November 25, 2011

Atos Q3 revenues surge 72.9% to US$2.78bn

Franco-Dutch IT firm Atos (formerly Atos Origin) posted revenues of 2.09bn euros (US$2.78bn) in the third quarter of 2011, jumping 72.9% compared to 1.21bn euros in the year-ago period, the company said in a statement.

In the other business units division, including Latin America, revenue reached 158mn euros, a 0.1% increase compared to the third quarter of 2010.

Revenues in Latin America grew by 15.8% thanks to more volume on multi-year contracts in managed services, and in new contracts for hi-tech transactional services (HTTS) in the transport sector.

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Overall, revenue growth was attributed to multi-year contracts across a very large customer base, Atos chairman and CEO Thierry Breton said.

Atos' managed services revenues grew 2.1% year-over-year to 1.0bn euros in Q3, as well as HTTS revenues, with a 2.3% increase to 421mn euros.

On the other hand, declines were seen in system integration revenues (down 4.1% to 528mn euros) and consulting and technology services (falling 9.2% to 136mn euros).

For the full year 2011, the company expects revenues close to 6.8bn euros.

In Latin America, Atos has offices in Argentina, Brazil, Chile, Colombia, Mexico and Peru.