(Reuters) – French IT company Atos on Thursday reported lower third-quarter revenue as good performance at its Eviden division was offset by the loss-making Tech Foundations unit.
Atos posted quarterly revenue of 2.59 billion euros ($2.73 billion) for the whole group, down 3% organically and 5.3% on a constant currency basis from 2.82 billion euros last year.
The company confirmed its full-year targets for organic sales in line with last year’s or up to 2% higher, and for an operating margin of between 4% and 5%.
It still expects cash burn for the year to be about 1 billion euros.
($1 = 0.9483 euros)
(Reporting by Michal Aleksandrowicz in Gdansk; editing by Milla Nissi)
Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.