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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Atos expects Tech Foundations sales to bottom in 2024.

The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Vill... The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/File Photo
The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Vill... The logo of Atos is pictured at the Eurosatory international defence and security exhibition in Villepinte, near Paris, France June 13, 2022. REUTERS/Benoit Tessier/File Photo

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Atos (ATOS.PA), the troubled French IT consulting giant that plans to split into two public firms, said it expected sales at its loss-making arm Tech Foundations to bottom out in 2024.

The corporation, which will conduct an investor day later in the day, said Tech Foundations, which regroups Atos’ IT consulting legacy activities, would produce roughly 5 billion euros ($5.34 billion) in 2024 and grow from there two years earlier than it predicted in 2022.

In 2025, Tech Foundations’ free cash flow before interest and tax is predicted to turn positive, and its operating margin is forecast to reach 6% to 8%.


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