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Atos Origin reports drop in profits

Atos Origin has announced a net annual income of €23m for 2008, compared with €48m for 2007.

The IT services provider also reported a slight drop in revenue, down to €5.6m from €5.8m in 2007.

The company said that in 2009, its priority is "the improvement of the operational performance in a tough economic environment".

The board had already decided not to pay shareholders a dividend in 2009 on the 2008 accounts.

Chairman and CEO Thierry Breton said, "Despite solid growth, especially of our recurring activities, and an 11% increase of our operating margin, Atos Origin's operational performance remained at 4.8%, below the benchmark of our competitors.

"Atos Origin has taken the decisions and the actions in order to face the very strong economic slowdown, but also to increase significantly its operating margin in 2009."


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