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HomeTechFrench IT group Atos cuts its sales and cash flow targets

French IT group Atos cuts its sales and cash flow targets

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PARIS (Reuters) – French IT firm Atos on Monday said it would have less cash at hand over the next few years as sales are being dragged down by a weaker business environment, but added this would not impact the key terms of its financial restructuring plan.

Atos now sees a full-year 2024 group revenue of 9.7 billion euros ($10.72 billion), down from 9.8 billion euros previously estimated. The company added it still saw positive, but somewhat lower, cash generation in 2026.

($1 = 0.9048 euros)

(Reporting by Tassilo Hummel; Editing by Sudip Kar-Gupta)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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