Atos hits yearly revenue target after restructuring slashed 19% of workforce

March 6 (Reuters) - French IT services company Atos reported full-year revenue slightly above 8 billion euros ($9.3 ‌billion) on Friday, meeting its target and ‌reflecting progress in its turnaround following significant financial restructuring.

The company slashed ​its headcount by 19% to 63,193 employees as part of its "Genesis" restructuring programme aimed at restoring profitability after years of turmoil.

* Revenue in the core Atos business ‌unit declined 16.2%organically to ⁠6.96 billion euros despite winning a notablecybersecurity contract with the European Commission during theyear. * ⁠Sales in the Eviden division grew 6.7% to 1.04 billioneuros, driven by the delivery of the Jupiter supercomputer ​inGermany. * Atos ​had a backlog of ​10.7 billion euros at ‌the end ofDecember, representing 1.3 years of revenue, signalling a solidpipeline of contracted work that underpins its confidence in therecovery path. * Atos expects 2026 to be a "year of stabilization" with atarget of positive organic revenue ‌growth, and potentialdownside limited to ​a 5% decline in a challenging ​market. * It expects ​to accelerate growth in 2027-2028, aiming for5-7% ‌annual revenue growth and a ​10% operating ​margin by 2028. * Atos also aims to reduce its leverage ratio to net debtless than 1.5 ​times its operating ‌income by 2028, as it pursuesan investment-grade credit ​rating.

($1 = 0.8610 euros)

(Reporting by Leo Marchandon in ​Gdansk, editing by Milla Nissi-Prussak)