Atos SE (AEXAF), an information technology service and consulting company, Wednesday announced its new four-year strategic and transformation plan, Genesis, which targets revenue of 9 billion euros to 10 billion euros in 2028.
"Atos Group is at an exciting inflexion point. With the Group's financial structure now secure, our "Genesis" strategic and transformation plan will ensure that we strengthen our position as a global leader in cutting-edge technology solutions and deliver appreciable growth in revenue and profitability over the next four years," said Philippe Salle, Atos Group Chairman and CEO.
With the new plan, the company intends to shuffle its assets to create two brands Atos, a services business, and Eviden, a product business.
Atos, the service segment consists of six business lines including Cloud & Modern Infrastructure, Cyber Services, newly created Data & AI, Digital Applications, Smart Platforms, and Digital Workplace. Eviden comprises Cybersecurity products, Advanced Computing, Mission-Critical Systems and Vision AI.
Additionally, Atos has appointed a new leadership team to drive the project forward. The team includes the heads of the Atos six business lines and global delivery centers, the six regional leaders, the heads of Eviden and Advanced Computing, and the heads of group functions.
The company has also started to implement a cost reduction program which includes reducing General and Administrative expenses to around 5% of revenues by 2028, a 2-points reduction compared to the current level, through headcount reduction and 10% lower discretionary spend.
Atos has decided to create a business line dedicated to Data and AI by leveraging its expertise to deliver improved, higher-value offerings to clients through a full-stack data and AI engine. The company plans to increase the headcount in this segment from 2,000 to 10,000 by 2028.
Atos plans to invest 500 million euros in research & development over next 4 years and 100 million euros in start-ups in emerging and rapidly growing technology areas including GenAI and Agentic AI, Cybersecurity and Quantum, under the leadership of an upcoming new Group CTO.
The company said the acquisition offer for the Advanced Computing activities from the French State for a potential enterprise value of 625 million euros is still under discussions. The offer provides for an exclusivity period until May 31, 2025. Sale process for its Mission Critical Systems and Cybersecurity Products businesses has been put on hold.
On its Capital Markets Day, today, Atos also provided outlook for fiscal 2025. It expects full-year revenue to decline to about 8.5 billion euros, from 9.6 billion euros reported in 2024, due to perimeter changes, voluntary contract reviews and low business traction prior to the completion of the financial restructuring.
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