Reported about 7 hours ago
Schneider Electric reported a 9% organic revenue growth in Q3, exceeding analyst forecasts, driven by a surge in demand for data centers that support artificial intelligence. The company's revenues reached 9.72 billion euros, boosted by strong sales from U.S. clients and contributions from China and France, despite some challenges in the European market. Schneider is investing heavily in U.S. expansion and anticipates that data centers will account for over 24% of its revenue next year.
Source: YAHOO