Now Reading: Europe’s established tech firms gain from AI deployment
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Europe’s established tech firms gain from AI deployment
Europe’s established technology companies are reporting stronger demand as businesses move artificial intelligence from trials into daily operations. SAP, Capgemini, Sopra Steria and OVHcloud have reported stronger growth, bookings or outlooks, Reuters…
The Story in Brief
Europe’s established technology companies are reporting stronger demand as businesses move artificial intelligence from trials into daily operations. SAP, Capgemini, Sopra Steria and OVHcloud have reported stronger growth, bookings or outlooks, Reuters reports. Companies need AI connected to older software, fragmented data, permissions, audit trails and compliance systems, rather than simply access to models.
SAP’s cloud backlog rose 26% to €22.9 billion at constant currencies. Capgemini raised its annual growth target after bookings increased 9.2%, while Sopra Steria upgraded its outlook after organic growth reached 5.3%. OVHcloud’s public-cloud revenue rose 20.2% in its third quarter. Airbus plans about 70 critical applications on Scaleway by the end of 2028.
The Indian Opinion
The claim that AI value belongs only to model makers is too narrow. The opposite claim, that every established technology group will prosper, is just as weak. Integration costs, security rules and specialist workflows matter, but consulting margins could suffer if routine work is automated. The useful test is whether these firms can sustain growth while protecting margins over the next few results.
Source: livemint.com
This story was synthesised by AI from the source linked above.
