(Reuters) – Atos advances on the Paris Stock Exchange on Friday in a context of a general rebound in technology stocks and after information from Challenges magazine, confirmed by Reuters, according to which the general director of the BDS (Big Data and Cybersecurity) division has been removed from office.
According to Challenges, Jean-Philippe Poirault will be replaced by Philippe Oliva, until now deputy general manager of Atos BDS.
Contacted by Reuters, Atos confirmed the departure of Jean-Philippe Poirault, without making further comments. At 10:39 GMT, the stock gained 3.34%, while the SBF120 advanced 1%. “The rebound of Atos is the result of two factors: on the one hand press information which fell (Thursday) evening, indicating that the general director of Atos BDS had been dismissed from his functions this week and that he will be replaced by the Deputy Managing Director, and on the other a general rebound in the stock markets and in particular in the technology stocks compartment against a backdrop of a slight easing of rates”, summarizes Alexandre Baradez, head of market analysis at IG France.
A second analyst points out that the stock is retracing part of its strong losses in recent months.
Since the start of the year, Atos shares have fallen by 25%.
(Written by Corentin Chappron, edited by Blandine Hénault)
©2023 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.