Atos Origin, a leading international information technology services provider, today announced that unaudited revenues for the three months ended March 31st, 2006 amounted to EUR 1,342 million, showing a +2.7 % organic increase on a constant scope and exchange rate basis.
The appendix to this statement provides an analysis of revenues by service line and geographic region.
Analysis of Revenue Performance
Total Group revenues for the first quarter ended March 31st, 2006 were EUR 1,342 million, compared with EUR 1,356 million for the equivalent period last year. The disposal of the Nordic and Middle East operations in June 2005 and February 2006 respectively, had a total impact of EUR 62 million euros. The positive currency impact amounts to EUR 13 million mainly due to the strength of the dollar and dollar-related currencies. After adjusting for these factors, Q1 2005 Group revenues comparable base was EUR 1,307 million. Thus on a comparable structure and exchange rates, Q1 2006 organic growth was +2.7 %, in line with budget.
Organic growth driven by Systems Integration
Consulting was down slightly but in line with budget. The underlying trends remained good, with double digit growth in France, the Netherlands and Spain and the pipeline remains buoyant, particularly in the United Kingdom.
Systems Integration generated steady organic growth of +6.0 % for Q1 2006 driven by continued strength in Application Lifecycle Management and ERP high added-value business segments.
Managed Operations organic growth was +0.7 % with active contract renewals and encouraging business fertilisation.
Healthy book-to-bill
The book-to-bill ratio (excluding the long-term Business Process Outsourcing activities) remained strong at 117 % due to a particularly active renewal programme and some large new business signed during the period.
Growing backlog and pipeline
The full backlog at the end of March 2006 was over EUR 7.5 billion, representing 1.4 x annual revenues. The full qualified pipeline reached EUR 2.7 billion at the end of March, up +21 % year on year and +5 % since the beginning of the year. This will support the organic growth for the rest of the year.
Bernard Bourigeaud, Chairman of the Management Board, declared: "During the 1st quarter, we executed the Olympics contract with success. Due to the strong backlog and pipeline, we remain confident in achieving 5 % organic growth for the full year 2006, with a progressive improvement in performance quarter by quarter."
Download the document now 39.7 kb (Adobe Acrobat Document)