French IT services company Atos announced on Friday that its full-year revenue slightly exceeded 80 billion euros ($93 billion), meeting its annual target. This achievement signals progress in the company's transformation following a significant financial overhaul.

As part of its "Genesis" restructuring plan, aimed at restoring profitability after years of operational instability, the company reduced its workforce by 19%, bringing total headcount down to 63,193 employees.

Key Figures and Outlook

Despite securing a major cybersecurity contract with the European Commission during the year, revenue from Atos's core business division declined organically by 16.2% year-on-year, to 69.6 billion euros.

Sales in its Eviden division increased by 6.7%, reaching 10.4 billion euros, primarily driven by the delivery of Germany's "Jupiter" supercomputer project.

As of the end of December, the company's total order backlog stood at 107 billion euros, equivalent to 1.3 years of revenue, indicating a solid pipeline of contracts that supports its recovery path.

Atos anticipates 2026 will be a "year of stabilization," targeting a return to positive organic revenue growth. Even under challenging market conditions, the company expects the worst-case decline not to exceed 5%.

The company forecasts accelerated growth between 2027 and 2028, aiming for annual revenue growth of 5% to 7%, and targets achieving a 10% operating margin by 2028.

Atos also plans to reduce its leverage ratio by 2028, aiming for net debt to be less than 1.5 times operating profit, and strives to attain an investment-grade credit rating.