Atos reported annual revenue slightly above €8 billion, signaling progress in its turnaround efforts after a period of financial turbulence and restructuring.

The French IT services firm said the performance reflects early results from its “Genesis” restructuring program, which aims to restore profitability and stabilize operations after several challenging years.

Major Workforce Reduction

As part of the restructuring initiative, Atos reduced its global workforce by approximately 19%, bringing total employee headcount down to 63,193.

The cost-cutting program was designed to streamline operations and improve financial performance as the company attempts to regain stability and rebuild investor confidence.

Mixed Performance Across Business Units

Revenue trends across the company’s divisions reflected a mixed performance during the year.

The core Atos business unit recorded an organic revenue decline of 16.2%, bringing sales to approximately €6.96 billion. The division still secured notable projects, including a cybersecurity contract with the European Commission.

Meanwhile, the company’s advanced technology division, Eviden, reported stronger results. Sales in this segment grew 6.7% to €1.04 billion, supported by the delivery of the Jupiter supercomputer project in Germany.

Strong Contract Pipeline

Atos ended the year with a backlog of €10.7 billion in contracted work, equivalent to about 1.3 years of revenue.

This backlog provides visibility into future business activity and is viewed by management as an indicator that the company’s recovery strategy is beginning to gain traction.

Stabilization Expected in 2026

Looking ahead, Atos expects 2026 to be a stabilization year.

The company is targeting positive organic revenue growth but has acknowledged that challenging market conditions could still lead to a potential decline of up to 5% in a worst-case scenario.

Beyond that period, management aims to accelerate expansion between 2027 and 2028, targeting annual revenue growth of 5% to 7% and an operating margin of around 10% by 2028.

Debt Reduction and Credit Goals

Alongside revenue growth targets, Atos plans to improve its balance sheet by lowering its leverage ratio.

The company aims to reduce net debt to less than 1.5 times operating income by 2028 as it works toward restoring an investment-grade credit rating.