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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  AtoS SE    ATO   FR0000051732

ATOS SE

(ATO)
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Atos : to Challenge Verdict in Syntel-TriZetto Case

10/28/2020 | 02:23am EST

By Giulia Petroni

Atos SE said Wednesday that it would challenge a U.S. District Court jury verdict that found Syntel Inc. liable for misappropriation of trade secrets and copyright infringement in a case against Cognizant Technology Solutions Corp. and its TriZetto healthcare subsidiary.

Atos acquired Syntel in 2018.

The French IT company said it "considers that the jury's verdict is not supported by the evidence presented during the trial or the applicable law [...] and considers the amount of damages grossly out of proportion to the acts complained of."

The jury has specified an amount of damages due to Cognizant and TriZetto of about $855 million, the company said. Atos contends that the maximum amount of damages legally available to TriZetto in this case is about $8.5 million.

Atos said it has already filed a motion challenging the validity of TriZetto's claims and will seek to file a further motion to overturn the verdict.

Write to Giulia Petroni at giulia.petroni@wsj.com

(END) Dow Jones Newswires

10-28-20 0322ET

Stocks mentioned in the article
ChangeLast1st jan.
ATOS SE -0.24% 74.06 Real-time Quote.-0.05%
COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION -0.69% 78.12 Delayed Quote.26.83%
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Financials
Sales 2020 11 272 M 13 652 M 13 652 M
Net income 2020 503 M 609 M 609 M
Net Debt 2020 61,2 M 74,1 M 74,1 M
P/E ratio 2020 16,5x
Yield 2020 1,86%
Capitalization 8 162 M 9 860 M 9 885 M
EV / Sales 2020 0,73x
EV / Sales 2021 0,68x
Nbr of Employees 106 980
Free-Float 87,3%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 86,25 €
Last Close Price 74,28 €
Spread / Highest target 56,2%
Spread / Average Target 16,1%
Spread / Lowest Target -9,80%
EPS Revisions
Managers
NameTitle
Élie Girard Chief Executive Officer & Director
Bertrand Marc Andrew Meunier Non-Executive Chairman
Eric Grall Chief Operating Officer & Head-Manufacturing
Uwe Stelter Chief Financial Officer
Sophie Proust Group Chief Technology Officer
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