AI-led bookings may drive 5–6% revenue growth, with EBIT at 19% by FY27 and ROIC stabilizing at 40%+. India/RoW growth offsets USA/Europe softness. In a bear case, delayed AI adoption and restructuring could limit growth to 3–4%. Bullish scenarios see 7–8% growth, 20%+ EBIT, and ROIC exceeding 45% on accelerated enterprise AI adoption.
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3-Scenario Framework
📊 Base Case (50% Probability)
AI-led bookings ($2.5B+/quarter) convert to revenue at 70%+ rates, driving 5–6% CC growth. EBIT recovers to 19% in FY27 as restructuring completes. ROIC stabilizes at 40%+ on Software segment scaling (Actian, Jaspersoft). India/RoW growth offsets USA/Europe softness. Key variables: AI services reach 15–20% of revenue; margin expansion to 19–20%.
