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Oct. 22, 2020, 1:51 a.m. EDT

Atos backs 2020 outlook as revenue falls

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By Kim Richters

Atos SE said Thursday that its revenue for the third quarter declined, and confirmed its targets for the full year.

Quarterly revenue came in at 2.64 billion euros ($3.13 billion) compared with EUR2.74 billion at constant scope and exchange rates a year earlier, the French IT company said.

It said it signed a EUR3 billion contract with German engineering company Siemens AG in September that will run for five years.

The company backed its guidance for 2020, which includes an operating margin rate at 9% to 9.5% of revenue, and Chief Executive Elie Girard said the company was "fully prepared to enter into 2021 on a solid footing towards our mid-term ambition and targets."

Write to Kim Richters at kim.richters@wsj.com

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