Atos posts solid growth figures
Date: 01-08-2008
Source: Consultant News
Atos Origin, the mother firm of Atos Consulting, raised its 2008 revenue growth goal after it reported higher first-half operating profit and revenue. Operating profit rose to €123.1 million ($193.9 million) from €110.6 million in the year-ago period, as revenue rose to €2.745 billion from €2.651 billion.
After organic growth of 5.9% in H2 2007, H1 2008 organic growth on total revenue reached 6.4%, helped by the performance of both Systems Integration and Managed Operations.
Systems Integration continued to improve quarter after quarter and recorded a solid 7.5% organic growth in H1 2008. This performance was led by the United Kingdom (11%), Germany (23%) and rest of EMEA (16%).
Managed operations achieved a 7.4% organic growth benefiting from a robust 9.8% organic growth for Atos Wordline compared to 5% organic growth full year 2007, and from 6.6% for the rest of the Managed Operations activities. This performance was led by France (8%), the United Kingdom (19%), Asia Pacific (46%) and rest of EMEA (13%). The Netherlands and Germany had stable revenue in the first half compared to the same period last year.
Consulting continued to show a recovery trend. The organic decrease was 1.6% in H1 2008 and was flat in Q2 2008 after a 3.3% drop in Q1 2008, -6.3% in Q4 2007 and -16.2% in Q3 2007. Consulting in France reached 13% organic growth in H1 2008, while the United Kingdom and The Netherlands were still decreasing.
In H1 2008 the operating margin reached €123 million at 4.5 per cent of revenue compared to €111 million in H1 2007 (approx. €107 million in H1 2007).
The improvement mainly came from the United Kingdom achieving 6.2% operating margin compared to 2.2% in H1 2007 and from Atos Wordline increasing its operating margin by 2 points. The total order entry reached EUR 2.694 billion during the first half of 2008, a 14% growth compared to the first half 2007 (17% at constant exchange rates) with 11% in Q1 and 17% growth in Q2.
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