French IT consulting firm Atos takes writedowns of $2.7 billion

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PARIS : French IT consulting firm Atos said late on Wednesday that it took total writedowns of 2.4 billion euros ($2.74 billion) in the second-half of 2021 as part of a reshuffling of the group around three core activities. The impairment charges are divided up between a write-down of about 1.9 billion eu

PARIS : French IT consulting firm Atos said late on Wednesday that it took total writedowns of 2.4 billion euros in the second-half of 2021 as part of a reshuffling of the group around three core activities.

This comes on top of an impairment of about 500 million euros of contract asset, reserves for bad debts and provision for future losses, the company said.

 

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