IT service provider Atos Origin has more than tripled profits despite a dip in sales in the first half of 2010.
The company reports a profit of €60m, compared to €18m for the first half of 2009. Sales dropped 4.6 per cent, mainly because of the bankruptcy of one of its clients, German retailer, Arcandor.
Atos introduced a three-year plan called the TOP Program in December 2008. This focused on cutting costs, which contributed to the increased profits.
Thierry Breton, CEO of Atos Origin, said: "In addition to the roll-out of the TOP Program, in the first half of 2010 we focused our efforts on preparing the Group - and particularly the sales force - for a better economic environment."
As ComputerWeekly.com reported earlier this month, Atos Origin is launching its first business-to-consumer service. Website redspottedhanky.com is a service direct to consumers offering train tickets and a travel loyalty scheme. It aims to cut costs for rail companies by offering a pay-as-you-use model.