Atos (ATOS.PA), the troubled French IT consulting giant that plans to split into two public firms, said it expected sales at its loss-making arm Tech Foundations to bottom out in 2024.
The corporation, which will conduct an investor day later in the day, said Tech Foundations, which regroups Atos’ IT consulting legacy activities, would produce roughly 5 billion euros ($5.34 billion) in 2024 and grow from there two years earlier than it predicted in 2022.
In 2025, Tech Foundations’ free cash flow before interest and tax is predicted to turn positive, and its operating margin is forecast to reach 6% to 8%.
