Atos today announces its first quarter 2015 revenue. In the first quarter, revenue was € 2,427 million, up +17.6% year-on-year and up +0.2% at constant scope and exchange rates. Order entry was€ 2,198 million, up +31.5% year-on-year, representing a book to bill ratio at 91%. Full backlog was € 16.6 billion, representing 1.7 years of revenue. Full qualified pipeline totaled at € 5.6 billion, representing 6.7 months of revenue.
Thierry Breton, Chairman and CEO of Atos, said: “Since the beginning of the year we have seen the outcomes we expected from the strategic moves in 2014 start to materialize. The new sales organization and the focused investments we made in digital solutions are progressively translating into sales and pipeline increase. Indeed, revenue in Cloud, Big Data, and Cyber-security represented 10% of the total revenue in Q1 with a double digit growth rate. During the first quarter of 2015, the Group signed several significant deals with some of its largest customers, becoming the partner of their digital transformation.
In a better economic environment in Europe, the solid start to the year makes us confident to achieve all our 2015 objectives, in line with the 2016 Ambition plan.”
Managed Services revenue was € 1,241 million, up +15.5% year-on-year and up +1.2% compared to Q1 2014 at constant scope and exchange rates. Growth was led by the United Kingdom benefiting from major BPO contracts and from the ramp-up of new Managed Services contracts, mostly in the public sector. Revenue also grew in “Other Business Units” thanks to an increase of activity in Financial Services in India, Middle-East & Africa, and in the Telco and Public sectors in Iberia. The situation was more difficult in Germany and Benelux & The Nordics with several ramp-downs and renewed contracts.
Revenue for Consulting & Systems Integration was € 788 million during the first quarter of 2015, up +8.8% year-on-year and down -2.4% at constant scope and exchange rates. Revenue decline was concentrated in Germany, most particularly in the Telco sector. Revenue grew in Public & Health, in the UK in Application Management and with new projects, and in France thanks to new consulting contracts with local public entities and higher volumes in Technology Services with several customers.
Revenue during the first quarter of 2015 in Big Data & Cyber-security was € 123 million, representing +4.9% organic growth. Revenue growth was driven by a strong activity in High Performance Computing and Extreme Computing with French and German public organizations.
On a standalone basis, Worldline increased its revenue by +4.0%. From a contributive perspective to Atos, revenue was€ 275 million, up +1.6% compared to the first quarter of 2014. All Global Business Lines grew organically. Merchant Services & Terminals growth was sustained by strong sales in Terminals and the positive trend in Commercial Acquiring deriving from higher volumes and increased prices per transaction. Financial Processing & Software Licensing grew thanks to double-digit growth in Online Banking and strong performance in payment software licensing. Finally, revenue increased in Mobility & e-Transactional Services thanks to the ramp-up of contracts in e-ticketing and e-Government.
A detailed presentation of Worldline performance during the first quarter of 2015 is available at worldline.com, in the investors section.
The Group revenue grew slightly during the first quarter of 2015 with a contrasted situation across the Group Business Units:
- United Kingdom posted a strong revenue performance thanks to Managed Services and more particularly BPO;
- Other Business Units” also contributed to Group revenue growth, thanks to a strong activity in Financial Services in India, Middle-East & Africa, in both Systems Integration and Managed Services. The dynamic was also positive in Asia Pacific and Iberia led by Managed Services and Big Data & Cyber-security;
- France was stable as growth in Big Data & Cyber-security compensated the ramp-down of several Managed Services contracts. Consulting & Technology Services remained stable;
- In North America, revenue grew in Consulting & Systems Integration while Managed Services was mainly affected by contracts terminated in 2014;
- The situation remained difficult in Germany and Benelux & The Nordics with several ramp-downs and renewed contracts.
