Association between Atos and Oxford University for the installation of an AI supercomputer

  •   06/08/2020 - 08h05
  •   DEHOUI Lionel

At the peak of the coronavirus health crisis, Atos Group had to suspend its 2021 objectives. It had also halted its share buyback programs and cancelled its dividend. Since then, the company has been closely monitoring its own capacity for growth in a market under the control of the GAFAM. But before getting to today's news, let's recall its H1 results.

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Atos Group results for the first half of the year

Over the past week, the group has stated that its net profit amounted to 329 million euros in its first half year 2020 financial year. He stated that the other items amounted to + EUR 147 million. A year ago, these were -24 million euros for the first half of the year. It should be noted that the amount for H1-2020 takes into account the pre-tax net capital gain of 120 million euros.

This corresponds to the famous sale of Worldline shares in February 2020. However, the remaining 3.8% stake in Worldline is no longer accounted for using the equity method. It has therefore been measured at fair value at the exact date of disposal while generating a positive result ('54 million). Its operating margin as a percentage of revenues was 8% at 450 million euros, down 110 basis points compared to 2019.

Note: In the central part of Europe, the sector is in difficulty, especially in Germany. This difficult environment can be explained by the lack of flexibility in personnel costs and non-recurring negative elements on contracts prone to obstacles. However, revenues fell by 2.8% on a like-for-like basis. It reached 5.627 billion euros and was down 4.8% in the second quarter.

 

Atos today

The Atos Group surprised everyone in the financial market on Tuesday. Indeed, the company, which remains the undisputed international leader in digital transformation, has signed a 4-year contract. This contract is worth £5 million. It is nevertheless concluded between the Atos Group and the University of Oxford and for a well-defined purpose according to the terms of the contract.

Indeed, this contract is concluded between the two partners in order to ensure the supply of a new generation supercomputer dedicated to deep learning. The ultimate aim is to enable academia and industry in Great Britain to ensure the advancement of research in artificial intelligence and machine learning. It should be noted that this contract is in line with the JADE2 project.

 

Who finances this investissement ?

It should also be understood that the JADE2 project is nothing more than a continuation of the British national project called JADE. Incidentally, the acronym JADE stands for Joint Academic Data Science Endeavour. The supercomputer that Atos has just supplied is the largest supercomputer that focuses on AI, i.e. artificial intelligence in England.