BCE Beats on AI-Powered Business, Higher Revenue

BCE Inc. beat analyst expectations in the first quarter as its investments in artificial intelligence infrastructure pay off.

Canada’s biggest telecommunications firm by revenue earned 63 Canadian cents per share on an adjusted basis, more than the 58 cents expected by analysts in a Bloomberg survey, according to a Thursday statement. Net earnings fell to C$667 million ($489 million) from C$683 million a year before. Revenue was C$6.2 billion, 4% higher than last year and more than estimates.