Future Tech

France's Atos cuts financial targets but says restructuring still on track

Tan KW
Publish date: Mon, 02 Sep 2024, 04:21 PM
Tan KW
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Future Tech

PARIS -French IT firm Atos on Monday said it would have less cash at hand over the next few years as sales are being dragged down by a weaker business environment, but added this would not impact the key terms of its financial restructuring plan.

Atos - once seen as one of Europe's champions in the software and technology sector - has been teetering on the brink of financial collapse in recent months, although it secured a crucial restructuring deal with banks and bondholders in June.

 


  - Reuters

 

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