Atos today announces its third quarter 2015 revenue. Revenue was € 2,708 million, up +23% year-on-year. With +0.5% organic growth in Q3 2015, the positive revenue trend is confirmed for the fourth quarter in a row. Commercial activity was strong in Q3 with a book to bill ratio of 93% and an order entry totaling € 2,531 million.
During the third quarter of 2015, the global strategic partnership with Siemens has been further strengthened. Firstly, the IT contract has been extended with the minimum committed volumes increased from € 5.5 billion to € 8.73 billion for the period from July 2011 to December 2021. Secondly, the Atos-Siemens Alliance has been broadened as the two companies explore further opportunities for collaboration in the fields of advanced data analytics, cyber-security and device connectivity with a joint innovation investment program that has been increased from the initial funding of € 100 million to € 150 million. Thirdly, Atos plans to acquire Unify (formerly known as Siemens Enterprise Communications) which would strengthen Atos' offering in the field of unified communications. Finally, the Siemens 5-year lock-up period has been extended until September 30, 2020.
Worldline has reached a transaction agreement with Equens, a prominent European payment services provider, headquartered in the Netherlands. The contemplated transaction represents a transformational step for Worldline, fully in line with the strategy presented at the time of its IPO. The deal will enhance Worldline's leadership in the payment services industry providing it with a comprehensive pan-European footprint, with leading positions and offerings in key geographies and significantly increased scale, with 2015 pro forma revenue increasing by circa € 310 million to exceed € 1.5 billion.
Thierry Breton, Chairman and CEO of Atos, said: "In addition to the third quarter 2015 revenue which confirms the capability of Atos to sustain positive organic growth, I am glad to announce several key achievements in the strategic development of the Group.
I am delighted that Siemens decided to extend its shareholding in Atos for at least the next five years to support Atos in the journey to create a European global leader in the IT digital world. After four years of successful collaboration, Siemens renewed its confidence in Atos through a significant extended volume of business commitment to support its digital transformation.
I am looking forward to welcoming the Unify employees and their very strong management who would bring Atos' customers an extended services and software platforms offering to enhance business performance in their digital journey.
The transaction project with Equens will represent a transformational step for Worldline, fully in line with its strategy and the ambition of Atos to reinforce its European leadership in the field of e-payment services. Through this transaction five large European banks would renew their commercial contracts for the next 5 years. I welcome the Equens team and its experienced and highly-skilled experts to the Group.
All these strategic achievements make me fully confident in the strong potential of our Group to continue delivering value to our clients and shareholders."
Managed Services revenue was € 1,527 million, up +35.9% year-on-year and +0.8% at constant scope and exchange rates. Organic revenue growth came from the ramp-up of several large Managed Services contracts in the United Kingdom, mainly in the Public and Manufacturing sectors, and in "Other Business Units" (Asia-Pacific, IMEA). North America was almost stable while France and Germany faced lower volumes, mainly in the Telco and Energy sectors.
Revenue in Consulting & Systems Integration was € 774 million, up +1.2% year-on-year and down -2.6% at constant scope and exchange rates. The activity was strong in Financial Services in most of the geographies and in the Public sector in Central & Eastern Europe and in France. The situation improved in Germany thanks to stronger workforce management implemented by the new team. Revenue grew in France, led by Technology Services and stabilized in Benelux & The Nordics. The situation was contrasted in the UK with the end of some contracts and reduction in scope on some application management contract while revenue grew in other practices.
During the third quarter of 2015, revenue in Big Data & Cyber-security was € 113 million, representing organic growth of +4.0%. Revenue growth stemmed from strong activity in France driven by Extreme Computing and the Cyber-security business. Cyber-security also grew in the UK while order delays from the Swiss government continued to impact the overall business.
On a standalone basis, Worldline increased its revenue by +5.0%. From a contributive perspective to Atos, revenue was € 294 million, up +6.0% compared to the third quarter of 2014. All Global Business Lines grew organically. In Merchant Services & Terminals, growth was primarily driven by the Commercial Acquiring and the Terminal businesses. All divisions in Financial Processing & Software Licensing were positively oriented, in particular Payment Software Licensing with significant license sales in Asia and Online Banking Services thanks to non-card payment transactions. Revenue growth in Mobility & e-Transactional Services was driven by e-Consumer & Mobility mainly thanks to the development of Connected Living activities. e-Government collection grew, benefiting from the ramp-up of digitization projects.
