Schneider Electric beats profit goals on data center demand

Schneider Electric S.E. has reported core earnings that exceeded market expectations, propelled by an unprecedented surge in demand for data center infrastructure. The industrial group, headquartered in France, saw its quarterly organic revenue grow by 10.7% to reach 11.10 billion euros ($13.12 billion), outperforming the 10.90 billion euros projected by analysts. This performance was underpinned by triple-digit year-on-year growth within its pure data center segment.