June 24, 2020 / 5:07 AM / 8 days ago

Atos sees mid-term revenue growth, announces two new acquisitions

June 24 (Reuters) - French IT consulting group Atos said on Wednesday it expected to grow its revenue in the mid-term by between 5% and 7%.

The software group also forecast an mid-term operating margin rate of between 11% and 12% of revenues, and confirmed all its 2020 targets, which it cut in late April due to the coronavirus pandemic.

Atos said it would target bolt-on acquisitions and cybersecurity companies, as it announced two new acquisitions: Paladion, a global cybersecurity firm, and Alia, a digital consulting company which specialises in the energy sector. (Reporting by Sarah Morland in Gdansk Editing by Shri Navaratnam)

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