Atos hits yearly revenue target after restructuring slashed 19% of workforce

Core Insights - Atos reported full-year revenue slightly above 8 billion euros ($9.3 billion), meeting its target and indicating progress in its turnaround after significant financial restructuring [1] - The company reduced its workforce by 19% to 63,193 employees as part of the "Genesis" restructuring program aimed at restoring profitability [1] - Revenue in the core Atos business unit declined 16.2% organically to 6.96 billion euros, despite securing a notable cybersecurity contract with the European Commission [1] - Sales in the Eviden division increased by 6.7% to 1.04 billion euros, driven by the delivery of the Jupiter supercomputer in Germany [1] - Atos had a backlog of 10.7 billion euros at the end of December, representing 1.3 years of revenue, indicating a solid pipeline of contracted work [1] - The company anticipates 2026 to be a "year of stabilization" with a target of positive organic revenue growth, expecting potential downside limited to a 5% decline [1] - Atos aims for 5-7% annual revenue growth and a 10% operating margin by 2028, while also targeting a reduction in its leverage ratio to net debt less than 1.5 times its operating income by 2028 [1]