Paris: IT services consultancy Atos saw a marginal 0.3% fall in revenues to 2,093 million euros in its third quarter to the end of September 2011, with its consulting business suffering a 9% drop.
Thierry Breton, Chairman and CEO, said: "During the third quarter of 2011, as planned, we have been able to successfully run the new Atos as a single integrated company. In the current economic environment, our new Group is well positioned, generating 74 per cent of its annual revenue through multi-year contracts across a very large customer base. Consequently, I confirm all our 2011 objectives. Finally, cash management is more than ever a key priority for Atos, and I confirm our zero net debt ambition for mid 2012."
In Consulting & Technology Services, revenue was EUR 136 million, a decline of 9.2 per cent compared to the third quarter of 2010. The firm says that, as expected, its consulting operations in the Netherlands and Iberia continued to face a tough environment particularly in Financial Services and Public Sector.
The Atos figures show a big spread of performance by geography too, with modest growth in North America (7.7%) and UK and Ireland (4.3%), but falls in revenue in its big European markets: Germany (-1.2%), France (-5.8%) and Benelux (-7%).
Atos says that a new management team was put in place in France on October 1st, 2011, with the objective to return France to profitable growth.