First quarter of 2017

Strong start of the year

Revenue at € 3,111 million

+12% at constant exchange rates

+2.0% organically

Order entry at € 3,035 million

Book to bill ratio at 98%

Decision to integrate Unify Software & Platforms

with the objective to grow by year-end

2017 operating margin objective raised to circa 10%

Bezons, April 24, 2017

Atos, a global leader in digital transformation, today announces the revenue of its first quarter of 2017.

Q1 2017 revenue (including Unify S&P as of January 1st, 2017) was € 3,111 million, up +2.0% organically and +12% at constant exchange rates. Order entry was € 3,035 million leading to a book to bill ratio of 98%.

Thierry Breton, Chairman and CEO said: “During the first quarter,the Group experienced the best commercial performance since I began leading the company. This materializes the full alignment of our Digital Transformation Factory offerings with the demand of our clients for transformational and automated digital services.

While discussions were still going on, the Board of Directors decided today that, timewise, the integration of Unify Software & Platforms will create more value for our shareholders. The integration will also further reinforce our Digital Workplace offering with unified collaboration and communication solutions.

Taking into account the integration of Unify S&P, Atos raised its operating margin objective for 2017, driving profitable growth through high value technologies and innovative solutions.

Integration of Unify Software & Platforms

The decision was made to integrate Unify Software & Platforms into Atos (Infrastructure & Data Management division). This entity generated revenue of € 677 million in 2016, while services revenue delivered by Atos to Unify Software & Platforms represented € 231 million in 2016 (neutralized in the Atos consolidation perimeter as of January 1st, 2017). For 2017, further to the restructuring completed in 2016 and cross-selling on Atos customer base supporting a revenue positive organic growth by year-end, the integration of Unify Software & Platforms is expected to contribute for circa € 100 million additional OMDA.

As such, figures presented in this document include Unify Software & Platforms operations.

2017 objectives

Taking into account the integration of Unify Software & Platforms from January 1st, Atos updated its 2017 objectives:

Revenue growth: Circa +9.5% at constant exchange rates (vs. circa +6% previously), above +2% organically (unchanged).

Operating margin: Raised to circa 10.0% of revenue (vs. between 9.5% and 10.0% previously).

Free cash flow: Operating margin conversion rate to free cash flow between 55% and 58% (unchanged).

As a consequence, 2019 Ambition operating margin target is also raised to circa 11.0% of revenue (vs. between 10.5% and 11.0% previously).

Q1 2017 revenue performance by Division

In € millionQ1 2017Q1 2016*Organic evolution
Infrastructure & Data Management 1,797 1,782+0.8%
Business & Platform Solutions 787 768+2.5%
Big Data & Cybersecurity 162 143+13.4%
Worldline 365 358+1.9%
Total Group 3,111 3,051 +2.0%
* At constant scope and exchange rates

In Infrastructure & Data Management (IDM), revenue was € 1,797 million, +0.8% organically. The Division achieved in Q1 a continued strong growth in Cloud services through the roll-out of hybrid cloud and the ramp-up of several large contracts in North America and in France notably. In addition, the Division pursued its development in Digital Workplace through several new contracts in France, Central Europe and Iberia. Germany benefitted notably from the contribution of the Rheinmetall contract signed last year in the manufacturing sector. France and Benelux & The Nordics managed to turn back to positive growth. Asia Pacific continued to achieve solid growth thanks to higher volumes in Financial Services.

In Business & Platform Solutions (B&PS) revenue was € 787 million, up +2.5% organically, as planned. Growth acceleration was supported by strong sales dynamics and an improved workforce management materializing in the utilization rate increase. The division growth was particularly fueled by both the business in SAP environment including HANA projects, and also an increasing activity in France with Codex cognitive solutions in the energy sector. Germany posted a solid growth in all markets. The ramp-up of several new contracts allowed Asia Pacific and Central Europe to grow.

The business in Big Data & Cybersecurity remained strong, up +13.4% organically at € 162 million in the first quarter of 2017. The growth was primarily led by cybersecurity activities especially in Identity & Access Management in North America and Germany. Big Data activities were driven by dynamic High Performance Computing activities mainly in the United Kingdom in the research area, and also in France in the automotive industry.

From a contributive perspective to Atos, Worldline revenue was € 365 million, improving by +1.9% organically. Financial Services revenue grew by +6.4% organically, notably led by Acquiring Processing with increased volumes and more projects for the ATM business in France and in Italy, as well as in Issuing Processing with volume growth in Fraud Prevention Services in Belgium. Merchant Services benefited from the strong momentum in India following the Demonetization Act as well as from higher Commercial Acquiring volumes in Continental Europe. In Mobility & e-Transactional Services, on-line activities such as Trusted Digitization, e-Ticketing, Connected Living and Educational Cloud mitigated the effect of the Radar contract in France, which therefore will affect Worldline growth for the last time in Q2 this year.

A detailed presentation of Worldline’s performance during the first quarter of 2017 revenue is available at, in the investors section.

Q1 2017 revenue performance by Business Unit

In € millionQ1 2017Q1 2016*Organic evolution
North America 589 572+3.0%
Germany 537 533+0.7%
United-Kingdom & Ireland 437 426+2.6%
France 411 410+0.1%
Benelux & The Nordics 273 270+1.1%
Other Business Units 501 482+3.8%
Worldline 365 358+1.9%
Total Group 3,111 3,051 +2.0%
* At constant scope and exchange rates

During the first quarter of 2017, revenue grew in all Business Units:

  • in North America thanks to the ramp-up of several contracts in IDM, and to an increasing business in cybersecurity notably with existing large customers;
  • in Germany which benefitted from the ramp-up of new contracts won last year in manufacturing and telco sectors. The Business Unit launched several projects in integration platforms and Industry 4.0 in the automotive sector and mobile applications in financial services;
  • in United Kingdom & Ireland confirming the positive trend recorded in the second semester last year mainly coming from the ramp up of contracts in financial services, and new customers both in Big Data with HPC activities in the Public sector and in cybersecurity;
  • in France where revenue was stable thanks to new contracts in IDM, Codex cognitive offerings in B&PS for Automotive and Energy customers and increasing in HPC activities;
  • in Benelux & The Nordics, revenue stabilized in IDM thanks to additional volumes with existing large customers in Manufacturing. Revenue was also stable in B&PS thanks to new contracts in Telcos and in the Public sector. The business remained strong and increased in Big Data & Cybersecurity;
  • in Other Business Units, the activity continued to grow in IDM particularly in Asia Pacific with higher volumes in Financial services and the ramp-up of contracts won last year in Manufacturing and in the Public sector with subsidiaries of European groups. B&PS also grew benefitting from new contracts and projects in Central Europe and in Asia Pacific;
  • and in Worldline with the continued dynamic of Merchant Services, Financial Processing, and new activities in Mobility.

Commercial activity

During the first quarter of 2017, the Group order entry reached € 3,035 million, representing a book to bill ratio of 98%.

For IT services activities, book to bill ratio was 100% for IDM, 98% for B&PS, while Big Data & Cybersecurity reported a strong 122%. In IDM, new large contracts were signed for example with French aircraft engineering company in France and with Johnson & Johnson in North America for Digital Workplace services, one of the four pillars of the Atos Digital Transformation Factory. The Group also renewed its workplace contract with Morgan Stanley. In B&PS, contracts were signed with a Nordic telco leader and with the national employment agency in France.

In line with the dynamic commercial activity and taking into account the integration of Unify S&P, the full backlog at the end of March 2017 amounted to € 21.7 billion compared to € 21.4 billion at the end of 2016, representing 1.7 year of revenue. The full qualified pipeline was € 6.9 billion, compared to € 6.5 billion at the end of 2016 and representing 6.6 months of revenue.

Human resources

The total headcount of the Group was 100,160 at the end of March 2017 broadly stable compared to the end of December 2016. The total headcount included entities acquired during the first quarter 2017, Engage ESM in the United Kingdom and zData in North America.


Revenue and operating margin at constant scope and exchange rates reconciliation

In € millionQ1 2017Q1 2016change
Statutory revenue 3,111 2,757+12.8%
Internal revenue to Unify S&P (February & March)* 37
Exchange rates effect- 22
Revenue at constant exchange rates 3,111 2,771 +12.3%
Scope effect 277
Exchange rates effect on acquired/disposed perimeters 3
Revenue at constant scope and exchange rates 3,111 3,051 +2.0%
* In Q1 2016, this internal revenue was not reported, it was reported in H1 2016 for 5 months

From Q1 2016 statutory, currency exchange rates negatively contributed to revenue for a total of €-22 million, mainly coming from the British pound depreciating versus the Euro, partly compensated by the American dollar and the Brazilian real increasing versus the Euro.

Scope effects amounted to €+277 million. This was related to the positive contribution of Unify Services (January), Unify Software & Platforms (3 months), Anthelio (3 months), Equens, Paysquare, and Komerçni Banka Smartpay (3 months), Engage ESM and Z-data.

Q1 2017 revenue performance by Market

In € millionQ1 2017Q1 2016*Organic evolution
Manufacturing, Retail & Transportation 1,183 1,179+0.4%
Public & Health 853 831+2.7%
Telcos, Media & Utilities 510 507+0.6%
Financial Services 565 535+5.6%
Total Group 3,111 3,051 +2.0%
At constant scope and exchange rates

Conference call

Today, Monday, April 24, 2017, Thierry Breton, Chairman and CEO, Elie Girard, Chief Financial Officer, and Patrick Adiba, Chief Commercial Officer, will comment on Atos’ first quarter of 2017 revenue and answer questions from the financial community during a conference call in English starting at 06:00 pm (CET - Paris).

You can join the webcast of the conference:

  • on, in the Investors section
  • by smartphones or tablets through the scan of:
  • by telephone with the dial-in, 5-10 minutes prior the starting time:
    • France +33 1 76 77 22 26 code 1740414
    • UK +44 20 3427 1906 code 1740414
    • US +1 646 254 3388 code 1740414After the conference, a replay of the webcast will be available on, in the Investors section.

Forthcoming events

May 24, 2017 Annual General Meeting

October 24, 2017 Third quarter 2017 revenue

July 26, 2017 First half 2017 results


Media: Terence Zakka +33 1 73 26 40 76

Investor Relations: Gilles Arditti +33 1 73 26 00 66

Benoit d’Amécourt +33 1 73 26 02 27

About Atos

Atos SE (Societas Europaea) is a leader in digital transformation with circa 100,000 employees in 72 countries and annual revenue of € 12 billion. Serving a global client base, the Group is the European leader in Big Data, Cybersecurity, Digital Workplace, Cloud services, Infrastructure & Data Management, Business & Platform solutions, as well as in digital payment services through Worldline. With its cutting edge technologies, digital expertise and industry knowledge, the Group supports the digital transformation of its clients across different business sectors: Defense, Financial Services, Health, Manufacturing, Media, Utilities, Public sector, Retail, Telecommunications, and Transportation. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and is listed on the Euronext Paris market. Atos operates under the brands Atos, Atos Consulting, Atos Worldgrid, Bull, Canopy, Unify and Worldline. For more information, visit:


This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group's expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors behaviors. Any forward-looking statements made in this document are statements about Atos’ beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’ plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2016 Registration Document filed with the Autorité des Marchés Financiers (AMF) on March 30, 2017 under the registration number: D.17-0274. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law. This document does not contain or constitute an offer of Atos’ shares for sale or an invitation or inducement to invest in Atos’ shares in France, the United States of America or any other jurisdiction.

Revenue organic growth is presented at constant scope and exchange rates.

Business Units include North America (NAM: USA, Canada, and Mexico), Germany, United-Kingdom & Ireland, France, Benelux & The Nordics (BTN: Belgium, Denmark, Estonia, Finland, Lithuania, Luxembourg, The Netherlands, Poland, Russia, and Sweden), Worldline, and Other Business Units including Central & Eastern Europe (CEE: Austria, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Italy, Romania, Serbia, Slovakia and Switzerland), Iberia (Spain and Portugal), Asia-Pacific (APAC: Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, New Zealand, Philippines, Singapore, Taiwan, and Thailand), South America (SAM: Argentina, Brazil, Colombia, and Uruguay), Middle East & Africa (MEA: Algeria, Benin, Burkina Faso, Egypt, Gabon, Ivory Coast, Kingdom of Saudi Arabia, Lebanon, Madagascar, Mali, Mauritius, Morocco, Qatar, Senegal, South Africa, Tunisia, Turkey and UAE), Major Events, Global Cloud hub, and Global Delivery Centers.

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