Europe's established tech firms emerge as unexpected AI winners

Earnings
โดย Reuters·EU·Read original
Summary · why it matters

Europe's largest established technology companies are emerging as unexpected beneficiaries of the AI boom, according to recent earnings. SAP, Capgemini, Sopra Steria, and OVHcloud have all reported stronger demand, faster growth, or upgraded outlooks as large organizations move from experimenting with artificial intelligence to deploying it across their operations. SAP's cloud backlog rose 26% at constant currencies to €22.9 billion, while Capgemini raised its annual growth target after bookings climbed 9.2% and Sopra Steria upgraded its outlook following organic growth acceleration to 5.3%. OVHcloud's public-cloud revenue rose 20.2% in its third quarter, providing early evidence that demand for European-controlled AI infrastructure is translating into commercial growth. The trend reflects the growing complexity of making AI work with existing software, data, and business processes, as well as rising demand for greater control over AI deployment in sectors such as defense, aerospace, and critical infrastructure.

Impact on stocks 4

Information Technology▲ · 2 stocks
Capgemini SE
CAP
▲ PositiveDemandrelevance

Capgemini raised its annual growth target after bookings climbed 9.2%.

OVH Groupe SAS
OVH
▲ PositiveDemandrelevance

OVHcloud's public-cloud revenue rose 20.2% in its third quarter.

Cloud & Digital Infrastructure▲ · 1 stocks
SAP SE
SAP
▲ PositiveDemandrelevance

SAP's cloud backlog rose 26% at constant currencies to €22.9 billion.

Artificial Intelligence▲ · 1 stocks
Sopra Steria Group SA
SOP
▲ PositiveDemandrelevance

Sopra Steria upgraded its outlook after organic growth accelerated to 5.3%.

Theme Impact 4

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