15 Best European AI Stocks According to Morgan Stanley

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9. The Sage Group plc (OTC:SGGEF)

Number of Hedge Fund Holders: N/A

The Sage Group plc (OTC:SGGEF) provides technology solutions and services for small and medium businesses in the United States, the United Kingdom, France, and internationally. The company is headquartered in the United Kingdom. Back in March, the company was placed among a basket of European equities by analysts at investment bank JP Morgan that would emerge as a winner from the AI craze sweeping the business world. The firm has an early mover advantage in the AI space, being one of the first tech firms in Europe to integrate AI into the cloud platforms it markets to small and medium businesses.

In the second quarter earnings call, Steve Hare, the CEO of The Sage Group plc (OTC:SGGEF), underlined that the firm had sustained strong revenue growth in the first half of 2024 underpinned by broad-based drivers across a portfolio of cloud solutions and markets. He attributed this performance to innovation, like the introduction of latest AI-powered solutions, as well as disciplined cost control that drove efficiency leading to good levels of margin expansion and a significant uplift in EPS and free cash flow.

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