French computer service company Atos SA (ATO:FP)Wednesday said it confirms guidance for 2012 after reporting first quarter revenue was €2.16 billion ($2.85 billion), representing organic growth of 2.4% compared to the first quarter of 2011.
Thierry Breton, Chairman and CEO, said: “The first quarter showed a good start of the year confirming an expected solid year 2012. Revenue again grew more than 2 per cent thanks to our strategy following the acquisition of SIS to focus on strengthening our recurring activities. As we committed, the group is cash positive for the first time since its creation.”
Managed Services revenue, representing 46% of the group, was €995 million ($1.31 billion), up 3.9% compared to the first quarter of 2011.
In Systems Integration, which represents 25% of the group, revenue was stable compared to the first quarter of 2011 at €536 million ($708 million). 707.84
Net cash position on March 31st, 2012 was €34 million ($45 million). Atos has the ambition to achieve a free cash flow of around €250 million ($330.15 million).
The total number of group employees was 74,992 at the end of March 2012.
The group confirms all its objectives, such as a slight revenue organic growth compared to proforma 12 months 2011. Atos has the objective to improve its operating margin rate to 6.5% of revenue compared to 4.8% for proforma 12 months 2011.
Atos forecasts earnings per share (adjusted, non diluted) in line with the 50% increase targeted for 2013 compared to 2011 statutory.