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DUBAI - TELUS Digital Experience (NYSE and TSX:TIXT), whose stock has delivered an impressive 51% return over the past year and maintains a "GOOD" overall financial health rating according to InvestingPro, announced Wednesday the opening of a new office in Dubai, marking the company’s first location in the Middle East as it expands its global footprint to meet increasing regional demand for AI-powered digital transformation services.
The technology company, which specializes in digital customer experiences, aims to provide end-to-end services including digital strategy consulting, experience design, and AI-powered automation solutions to clients across the Gulf region. With annual revenue exceeding $123 billion and a market capitalization of nearly $196 billion, TELUS Digital Experience demonstrates substantial operational scale. For deeper insights into TELUS’s financial metrics and growth potential, investors can access comprehensive analysis through InvestingPro, which offers exclusive ProTips and detailed financial health scores.
"Opening a local office in the Middle East is a natural step in deepening our presence in key growth markets," said Tobias Dengel, President of TELUS Digital Solutions, in a press release statement.
The expansion comes as Middle Eastern countries, particularly the UAE, Saudi Arabia, and Qatar, are making significant investments in artificial intelligence as part of economic diversification strategies. The UAE’s AI 2031 strategy specifically aims to position the country as a global leader in AI development.
TELUS Digital has also recently expanded its global delivery capabilities with new locations in Cape Town, South Africa, and Ahmedabad, India, enhancing its ability to provide multilingual support and specialized expertise in digital transformation and AI services.
The Dubai office will serve as a regional hub for TELUS Digital to support clients across various sectors including energy, transportation, healthcare, financial services, telecom, hospitality, and retail.
Mona Kadouh, Managing Director of TELUS Digital Middle East, will lead the new Dubai operation, which will leverage the company’s proprietary GenAI and AI data platforms to address specific client challenges in the region. The company’s strong financial position, with a healthy gross profit margin of nearly 60% and consistent profitability, suggests robust operational capabilities to support this expansion. Detailed analysis of TELUS’s growth prospects and financial metrics is available in the comprehensive Pro Research Report on InvestingPro, along with 8 additional key insights for investors.
In other recent news, AT&T reported its second-quarter 2025 earnings, surpassing analysts’ expectations with an adjusted earnings per share of $0.54 compared to the anticipated $0.53. The company also exceeded revenue forecasts, recording $30.8 billion against the expected $30.45 billion. Analysts have responded to these results with various adjustments to AT&T’s stock price targets. TD Cowen raised its price target to $32 from $30, citing tax benefits and strong performance in equipment sales and the wireline business. Wolfe Research increased its target to $33 from $32, highlighting AT&T’s shift away from declining legacy businesses toward growth areas like fiber and mobile services. Evercore ISI adjusted its target to $28 from $27, noting the company’s effective execution of its 5G and fiber strategy. KeyBanc Capital Markets maintained a Sector Weight rating, emphasizing the company’s fiber strategy and tax savings despite some challenges in mobility profitability. These developments reflect a mix of optimism and caution among analysts regarding AT&T’s strategic direction and financial performance.
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