Atos – once seen as one of Europe’s champions in the software and technology sector – has been teetering on the brink of financial collapse in recent months. However, it secured a crucial restructuring deal with banks and bondholders in June. The company’s leverage ratio is also now expected to come below a multiple of 2.0 during 2027, later than a previous end-2026 deadline, and Atos also lowered its 2027 revenue and operating margin targets.