Last Friday, the French IT service company, Atos, said in a statement that it expected higher 2014 revenue and operating margin because of its savings on costs as well as its latest investment which is the acquisition of Bull, a famed cloud and cyber security group.
Competing with global giants in IT services Accenture and IBM, Atos expected that its 2014 income would go up by around 5%. This forecast of the company’s revenue for the year is the first that Atos has given after it experienced an increase in third quarter revenue of 5.9% which is equivalent to $2.7 billion or 2.2 billion euros.
Not including acquisitions on its 2014 projected revenue, the company said it aimed for nearly steady figures.
In like-for-like basis of Atos’ sales, the French IT service company recorded a 0.9% decline for the third quarter because of the price rivalry on its Benelux, Germany, France and Nordic countries managed services business.
Atos stayed on its 2014 operating margin goal for 2014 which is between 7.5% and 8% of sales compared to last year’s which was 7.5%.
Finance chief Michel-Alain Proch of Atos said that the company will aim for further improvement in its operating margin next year.