A new debt package will help finance the company through its split into two separate global solution providers.
Atos is a global systems integrator and solution provider with a focus on cloud, digital transformation and security. This week Atos told investors hat the company has secured a new debt package to fund its planned split into two separate publicly-listed companies.
The news was unveiled when Atos reported its fiscal 2022 second-half financials. Back in June the company unveiled a plan to split into two separate companies. The plan prompted the departure of at least two high-ranking executives from the company.
According to the plan, one company of the companies retains the ‘Atos’ brand and focuses on managed infrastructure, digital workplace, and professional services. The second is slated to focus on digital transformation, big data and cybersecurity.
16,000 new employees
On Tuesday Atos said it has secured a new debt package to provide the company the funding it needs before the split. The funding will be used to ensure Atos is fully financed before the split and to strengthen the company’s liquidity.
For the first half of 2022, Atos reported revenue of €5.6 billion, up slightly from the €5.4 billion the company reported for the first half of 2021. However, at constant currency, revenue fell by 0.6 percent over last year.
During the first half of 2022, Atos reported the hiring of over 16,000 new employees, especially in its digital and its BDS cybersecurity divisions. Looking forward, Atos said it expects to see positive revenue growth based on its second quarter momentum and its recent hiring push.