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Transformation Gaining Momentum in Q3 2025 with Estimated Net Change in Cash Limited to €-38m FY25 Profitability and Cash Targets Confirmed as the Genesis Plan Progresses Steadily
Globenewswire· 2025-10-20 17:04
Core Insights - Atos Group reported a Q3 2025 estimated net change in cash of approximately €-38 million, confirming its FY25 profitability and cash generation targets as part of the ongoing Genesis transformation plan [1][22][24] Financial Performance - Q3 2025 revenue reached €1,977 million, reflecting a 10.5% organic decline year-on-year, with year-to-date revenue totaling €5,998 million, representing a 15.2% organic decline [5][6][9] - The Atos Strategic Business Unit (SBU) generated €1,621 million in revenue, down 19.3% organically, while the Eviden SBU saw a 77.1% increase in revenue to €356 million, largely due to the Jupiter contract [7][15] - The overall book-to-bill ratio for Q3 2025 was 66%, remaining flat year-on-year, with the Atos SBU improving by 9 points and the Eviden SBU decreasing by 52 points due to seasonality [16][20] Strategic Developments - The company is executing its Genesis transformation plan, which includes 22 workstreams under seven pillars aimed at restoring business fundamentals and improving operational efficiency [21][24] - Significant progress was made in restructuring efforts, with a reduction of 1,831 headcount and a cash restructuring cost of €87 million during Q3 2025 [25] Market Dynamics - Early signs of commercial recovery were noted in North America and the Germany, Austria, and Central Europe (GACE) region, despite a generally soft market environment [4][5] - The commercial pipeline is gaining momentum, with increased contributions from cross-selling activities [5][16] Liquidity and Cash Position - As of September 30, 2025, Atos Group's liquidity was estimated at €1,769 million, down from €1,804 million as of June 30, 2025, but still significantly above the minimum required level [23][24] Outlook - The company confirmed its FY 2025 profitability and cash generation targets, anticipating over €8 billion in revenue, while also expecting to resume organic growth and positive cash generation in FY 2026 [24][32]
EPAM and BOSS Unveil a Revolutionary Immersive Spatial Experience, Powered by Apple Vision Pro, That Redefines Motorsport Fandom
Prnewswire· 2025-10-02 12:02
Core Insights - EPAM Systems, Inc. has announced a strategic collaboration with BOSS to create an immersive spatial experience for motorsport fans, utilizing Apple Vision Pro technology [1][3] - This initiative aims to redefine the fan experience by integrating elements of premium fashion, luxury retail, sport, and technology [1][3][4] Company Collaboration - The experience is designed by EPAM's Empathy Lab, focusing on bringing fans closer to the racing action through interactive elements like precision visual targeting and 3D spatial puzzles [2][4] - The collaboration emphasizes the transformation of traditional fan engagement into an immersive storytelling experience [3][4] Launch Details - The immersive experience will debut on October 2, 2025, ahead of the Formula 1 Singapore Airlines Singapore Grand Prix, in select BOSS locations across seven cities: London, Paris, Düsseldorf, Barcelona, Las Vegas, Dubai, and Singapore [3][4] Market Positioning - The initiative is positioned as a groundbreaking approach to fan engagement in the age of spatial computing, aiming to make the exclusive world of motorsports accessible to a global audience [3][4] - BOSS and EPAM are leveraging this innovation to enhance brand connection with audiences, celebrating their heritage in sports partnerships [4]
Alithya selected by Roskam Foods to support ERP modernization initiative
Prnewswire· 2025-09-02 11:00
Core Insights - Alithya has been selected by Roskam Foods as a strategic partner for enterprise systems modernization, specifically implementing Microsoft Dynamics 365 for Finance and Supply Chain Management [1][2] - The partnership aims to enhance Roskam Foods' digital infrastructure to support its growth strategy, focusing on data-driven decision making [2][3] - The implementation will start with Roskam Foods' subsidiary, Marsan Foods, which currently operates on a legacy system, allowing for a phased approach to establish a strong foundation before expanding to other units [3] Company Overview - Roskam Foods is a leading contract manufacturer with over 2 million square feet of manufacturing space and 50 production lines across 8 facilities in the U.S. and Canada, producing a variety of frozen, refrigerated, and shelf-stable products [4] - Founded in 1923 and headquartered in Grand Rapids, Michigan, Roskam Foods partners with world-renowned food brands and food service providers [4] - Alithya specializes in AI-centric strategic consulting and digital transformation services, helping clients modernize processes and unlock new opportunities [5]
Alithya Announces Microsoft D365 Go-Live Completion in Europe for Global Pool and Outdoor Living Manufacturer
Prnewswire· 2025-07-10 11:00
Core Insights - Alithya Group Inc. has successfully implemented Microsoft Dynamics 365 Finance and Supply Chain Management in France and Spain for Hayward Holdings, marking a significant step in Hayward's global standardization efforts [1][2]. Group 1: Company Initiatives - Hayward Holdings aims to standardize its operations on a single technology platform to normalize manufacturing and distribution processes globally while enhancing customer experience [2]. - The implementation in Europe is part of a broader strategy that includes a rollout in North America, allowing Hayward to leverage data insights for improved decision-making and operational efficiency [3]. Group 2: Partnership and Collaboration - Alithya's team collaborated closely with Hayward to ensure successful adoption of the new system among employees across Europe, highlighting the importance of organizational change management and training [4]. - The partnership with Hayward signifies Alithya's capability in delivering digital transformation services to international brands [4]. Group 3: Company Profiles - Hayward Holdings, Inc. is recognized as a leading global designer and manufacturer of pool and outdoor living technology, focusing on energy-efficient and sustainable solutions [4]. - Alithya positions itself as a trusted advisor in strategic consulting and digital transformation, leveraging AI and advanced technologies to help clients modernize processes and unlock new opportunities [5].
Thryv Holdings: Still Thriving, Despite The Zig-Zag In Sentiment
Seeking Alpha· 2025-06-24 17:52
Core Viewpoint - Thryv Holdings is undergoing a significant digital transformation, positioning itself as a modern player in the market despite its roots in the old economy [1]. Company Overview - Thryv Holdings is the successor to two of the largest phone directory companies, indicating a strong legacy in the industry [1]. Digital Transformation - The company is actively transitioning from traditional business models to digital solutions, which is essential for its growth and competitiveness in the current market landscape [1].
Mastech Digital Announces CFO Transition
Prnewswire· 2025-04-07 12:00
Core Insights - Mastech Digital, Inc. announced the appointment of Kannan Sugantharaman as Chief Financial and Operations Officer effective April 14, 2025, succeeding Jack Cronin who is stepping down after 27 years of service [1][4][5] Company Overview - Mastech Digital is a leading provider of Digital Transformation Services, specializing in delivering technology talent and innovative solutions to drive digital transformation and leverage data and analytics [6] Leadership Transition - Kannan Sugantharaman will oversee global financial operations, including financial planning, accounting, reporting, and compliance, while also focusing on operational efficiencies across the company [2] - Jack Cronin has been with Mastech Digital since 1998 and played a key role in the company's transformation, including the 2008 spin-off from iGATE Corporation [4][5] Sugantharaman's Background - Sugantharaman previously served as Chief Financial Officer for Omega Healthcare Management Services and has extensive experience in financial functions and operational leadership [2][3]