Why one of France’s biggest IT companies is cutting its revenue forecast

French information technology (IT) company Atos is facing a turbulent period. The company has announced a revised financial outlook and has reduced its revenue forecast for 2024 and beyond. This news comes as Atos grapples with a weaker business environment and client contract delays.
The downward revision sees Atos anticipating 9.7 billion euros ($10.72 billion) in revenue for 2024, down from the previously estimated 9.8 billion euros ($10.8 billion).