Earnings call transcript: SoftBank lifts FY 2027 outlook on cloud and AI growth
SoftBank lifted its full-year outlook for fiscal 2027 during a recent earnings call, citing strong growth in cloud and AI services as the main driver. The company reported a 12% year-on-year increase in revenue, reaching JPY 3,798.7 billion, while operating income and net income both grew by 5% to JPY 642.1 billion and JPY 364.5 billion respectively.
SoftBank's cloud and AI revenue rose 37% compared to the previous year, solidifying its position as the primary growth engine. Despite a cybersecurity incident at subsidiary IDC Frontier and intense telecom competition, the company remains optimistic. In fact, it anticipates achieving its JPY 600 billion net income milestone two years ahead of schedule.
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