back to article Atos hopes for lifeline as refinancing saga set to drag on into May

Crisis-hit tech giant Atos is pushing back the deadline for its refinancing proposals after posting a slim operating profit of €48 million ($51 million) for calendar Q1. The French IT integrator has struggled for some time with looming debt repayments and attempts to restructure itself to meet the changing IT landscape. …

  1. Anonymous Coward
    Anonymous Coward

    "The Tech Foundations business in particular is suffering, as clients will be far more reluctant to enter into major long-term, transformational contracts"

    We're currently partway through offloading most of our IT support function over to ATOS, but it's not the financial uncertainty that's bogging the process down. It's the fact that ATOS are shite at delivering an even remotely adequate support function.

    Sadly, the big nobs upstairs are hell-bent on making it "work", despite the obvious pain it's going to cause all involved.

    Anon - obvs.

    1. Anonymous Coward
      Anonymous Coward

      A couple of jobs previously, I worked for a company that had outsourced a few of its mission critical systems to ATOS. I have never met a bunch of such entitled, pompous consultants, who knew nothing about our business but thought they knew everything and I've worked with PWC, EY and Deloitte.

      Thankfully after a few years, their systems were binned, unfortunately, they were replaced by TCS who were almost as bad.

      A big F U to senior management who don't trust their own IT department.

    2. Anonymous Coward
      Anonymous Coward

      Try Accenture if you want to experience real pain, atos are just trainee incompetents compared to them.

  2. HuBo

    "deliver IT services for this year's Olympic Summer Games in Paris"

    That (Paris Olympics) sure is one big reason why Atos is strategically important to France, at this time, but in the longer run, its Eviden subsidiary is also key to major developments in European (and beyond) supercomputing and cybersecurity, with deals to build or expand the Jupiter Exaflopper (Germany), EXA1 (France), Jean Zay (France), Santos Dumont (Brasil), and a cybersecurity center in Mexico, among others. Eviden (or the whole of Atos) pretty much has to make it (i.e. not sink) for Europe to maintain HPC relevance (through competitive leadership) IMHO.

  3. Anonymous Coward
    Anonymous Coward

    Used to be employed by them

    When I was joining them, my to-be-line-manager described them as a soul-less organisation and he was right. Money was OK while it lasted.

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