artificial \u200cintelligence<\/a> data centre buildout reinforcing the French group’s role as one \u200cof the most sought-after suppliers.<\/p>\nRevenue in the three months through March grew 11.2% organically to \u200b9.77 billion euros ($11.39 billion). That was a notch above the average consensus estimate of 9.76 billion euros, with 10.1% organic growth expected by analysts polled by the company.<\/p>\n
Large cloud providers, also known as hyperscalers, are expected to invest more \u200cthan $600 billion into data centres \u2060and other AI-related infrastructure this year alone, analysts say.<\/p>\n
Schneider makes power equipment, server racks and most importantly cooling systems \u2060that let energy-hungry data centres operate at peak performance. The booming demand for this technology, particularly from the United States, is driving Schneider’s earnings, offering a stable \u200band alternative \u200brevenue stream to the legacy electric \u200bequipment business.<\/p>\n
The $182 billion company, the fifth-largest \u200cby market value in France, is reaping gains from its acquisition of U.S. liquid cooling specialist Motivair last year, which expanded its product portfolio for data centres.<\/p>\n
Consultancy firm Market Decipher has estimated that the global AI data centre liquid cooling market will grow to $18.1 billion by 2036, from only $3.7 billion \u200cin 2026.<\/p>\n
Schneider confirmed its full-year targets and \u200bsaid it expected the negative impact of foreign \u200bexchange fluctuations on revenue to \u200bbe between 750 million euros and 850 million euros \u200cin 2026. In February, it had estimated \u200bthe hit to \u200bbe between 850 million euros and 950 million euros.<\/p>\n
“Q2 will probably be disrupted from the crisis in the Middle East,” finance chief Nathan \u200bFast told reporters in \u200ca call, though he added that the region contributed to less \u200bthan 5% of Technip’s turnover last year.<\/p>\n
($1 = 0.8578 euros)<\/p>\n
(Reporting by Gianluca \u200bLo Nostro; Editing by Milla Nissi-Prussak)<\/p>\n","protected":false},"excerpt":{"rendered":"By Gianluca Lo Nostro April 30 (Reuters) – Schneider Electric narrowly beat first-quarter revenue expectations on Thursday, once…\n","protected":false},"author":2,"featured_media":424799,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,218,219,66928,9248,61,60,185779,185778,80],"class_list":["post-424798","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-consensus-estimate","tag-data-centre","tag-ie","tag-ireland","tag-revenue-expectations","tag-schneider-electric","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/424798","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=424798"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/424798\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/424799"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=424798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=424798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=424798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}