ZURICH, Oct 20 : ABB is continuing to see a boom in spending on data centres used to power artificial intelligence, the engineering group said on Tuesday, as it reported its latest earnings. The Swiss company said its operational earnings before interest, tax and amortisation jumped 24 per cent to $2.03 billi
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ZURICH, Oct 20 : ABB dropped nearly 6 per cent on Tuesday as market nervousness about the sustainability of investments in artificial intelligence weighed on the Swiss engineering company, which is a major supplier to data centres. Record new orders and an increase in its full-year sales guidance failed to app
Oct 20 : French cloud operator OVHcloud reported its first positive levered free cash flow since its 2021 listing on Tuesday, as its revenue grew 7.2 per cent to €1.15 billion ($1.29 billion) in the financial year through August. The milestone means OVHcloud now covers its heavy capital spending from its ow
Oct 20 : French cloud operator OVHcloud said on Tuesday its revenue rose 7.2 per cent to €1.15 billion ($1.29 billion) in the year to August 31, and that it posted its first positive levered free cash flow since its 2021 listing. The milestone means the French group now covers its heavy capital spending fr
Company has rapidly increased staffing in Dublin, its largest EU office, over the past 12 months
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