Atos planning to sell its legacy operations
French multinational IT company Atos SE is reported to be considering a sale of its legacy information technology businesses which includes several outsourcing operations, as the firm pivots to areas with higher growth.
According to reports, the tech firm is exploring the idea of selling some of its lower-margin IT units in response to their currently decreasing stock price. The company plans to also look into a possible reshuffle in their management.
The French company has said that it will announce the results of its strategic review of non-core assets this week.
In an earlier statement, Bloomberg Intelligence analyst Tamlin Bason said that Atos needs to “clearly and forcefully articulate the near-term steps it’s taking to reverse the disastrous start to 2021.”
Bason added that the company’s plan to boost its digital services and lessen its reliance on legacy services is an important move to regain the confidence of its investors.
