Schneider Electric tops revenue forecast as it rides AI data centre wave

Mădălin Mihai

April 30 : Schneider Electric narrowly beat first-quarter revenue expectations on Thursday, once again boosted by the global artificial intelligence data centre buildout reinforcing the French group's role as one of the most sought-after suppliers. Revenue in the three months through March grew 11.2 per cent organically to 9.77 billion euros ($11.39 billion). That was a notch above the average consensus estimate of 9.76 billion euros, with 10.1 per cent organic growth expected by analysts

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