UK revenue down 2.4% on year ago
French IT services company Atos Origin has reported revenue of €1.23bn for the first quarter of 2010, down 5.5% compared to €1.3bn in the same period last year, at constant scope and exchange rates.
The company’s total order entries for the first quarter of 2010 were €1.57bn, up 17% organically compared to the same period last year. The book to bill ratio was 128% compared to 104% for the first quarter of 2009.
The Managed Services segment revenue reached €448m representing 36% of the group, a decrease of 4% compared to 2009. The Systems Integration revenue declined by 8.7% to €448m, High Tech Transactional Services (HTTS) revenue remained almost flat at €238m, while the consulting revenue and medical BPO revenue reached €57m and €40m, respectively.
Geographically, revenues from Atos Worldline remained almost flat at €202m, while the revenues from France, Benelux, the UK, Germany Central Europe / EMA dropped by 0.2%, 12.8 %, 2.4% and 17.5%, respectively.
The net operating cash flow amounted to €29m during the first quarter of 2010 compared to €8m for the same period last year.
Looking ahead, the company aims to increase its operating margin by +50 to +100 basis points in 2010. The group expects revenue to slightly decrease in 2010, due to Arcandor bankruptcy.