Gradual start to FY26 for Atos with ‘softer-than-expected’ revenues

Atos UK&I, however, emerged as the more positive of the regions

Atos Group today posted a moderate start to 2026 as revenues tick up slightly in certain regions for the first quarter of the year.

The France-HQ business saw a minor top line dip of 11 per cent in Q1 to €1.7bn.

Under the Genesis transformation plan announced in May 2025, the Atos Group has restructured into a simplified, dual-pillar organisation - Atos and Eviden.

The Euronext-listed firm’s strategic business unit (Atos), which focuses on digital services, cloud, and managed infrastructure, generated revenues of €1.5bn, also a 11.4 per cent drop.

Meanwhile its digital, cloud, big data, and security arm, Eviden was down 2.9 per cent to €69m.

Atos noted Eviden’s decline was mainly due to the absence of Vision AI activity since the start of the Iran conflict, partially offset by growing demand in the US and Europe.

Atos UK & Ireland revenues reached €306m, up 5.2 per cent organically, firming up the organic growth trajectory initiated in Q4 2025.

The growth was attributed to new wins and increased adoption of offerings among existing clients, notably in the public sector.

Across the pond, Atos saw a “softer-than-expected” revenue ramp-up in North America with some clients’ taking a “wait-and-see” approach.

Revenue in the region came to €243m, a decrease of 26.9 per cent.

The group’s total headcount stood at 58,771 at the end of March 2026, representing a decrease of seven per cent compared with the beginning of January 2025, as a result of the Genesis headcount reduction program and the disposal of Bull, which was bought by the French State for €404m.

During Q1 2026, Atos hired 1,490 employees, 88 per cent of which were direct employees.

“In the first quarter of 2026, we saw continued and concrete progress from the implementation of the Genesis strategic and transformation plan. As observed across the market, a volatile macroeconomic environment is influencing the pace of commercial decision-making. While this is temporarily affecting the timing of certain tangible conversions, it does not call into question the underlying momentum of our growth engine,” said Philippe Salle, Atos Group chairman of the board of directors and CEO.

Salle added that against this backdrop, Atos continues to take decisive and structuring actions.

“First, we are deploying targeted commercial initiatives with an unwavering focus on disciplined execution.

“Second, we are further strengthening our portfolio around our three technology strategic growth pillars – agentic AI, sovereignty and cybersecurity – as the rapid adoption of AI continues to drive demand for secure, mission-critical and sovereign digital infrastructures.

“This momentum is illustrated by the launch of the Atos Sovereign Agentic Studios in four countries, alongside the creation of an Atos Threat Research Center.”