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The
company, which develops solutions in hybrid cloud, big data,
business applications and digital workplace, disclosed earlier
this month that auditors had found accounting errors at two U.S.
units, sending its shares diving 18% at the time.
On Tuesday the company said it had decided to conduct a full
accounting review of the two U.S. units and would give a status
update when it releases first-half results on July 28.
Atos also has a big contract to provide solutions for the
Olympic Games in Tokyo and said that it was prepared for all
scenarios, including a further postponement or complete
cancellation of the event.
"For us, there will be no cancellation of the contract even if
the Olympics were to be postponed," head of investor relations
Gilles Arditti said in a conference call.
Atos shares were down by more than 5% after the company said its
revenue for January-March dropped 3.9% organically from a year
earlier to 2.69 billion euros ($3.24 billion).
The company, however, maintained its full-year guidance.
"The results today are a meaningful miss (on market
expectations) and likely to weigh further on sentiment,"
Barclays said in a note, adding that the U.S. accounting
situation was a bigger concern.
Year to date, Atos' shares have now declined by nearly a
quarter.
The company also said on Tuesday that it had acquired
Canada-based Processia, UK-based Ipsotek and German firm
cryptovision, as it continues with bolt-on acquisitions in a bid
to boost revenue from digital, cloud, security and
decarbonisation business over the medium term. It gave no
financial details of the transactions.
($1 = 0.8292 euros)
(Reporting by Bartosz Dabrowski and Juliette Portala in Gdansk ;
Editing by Tomasz Janowski and Susan Fenton)
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