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.
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"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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