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TE Connectivity to report second quarter financial results on April 23, 2025
Prnewswire· 2025-04-02 12:30
Company Overview - TE Connectivity plc (NYSE: TEL) is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future [1] - The company offers a wide range of connectivity and sensor solutions that facilitate the distribution of power, signal, and data across various sectors including transportation, energy networks, automated factories, data centers, and medical technology [1] - TE Connectivity employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries [1] Financial Reporting - TE Connectivity is scheduled to report its financial results for the second quarter of fiscal 2025 before trading begins on April 23, 2025 [1] - An investor conference call will take place at 8:30 a.m. ET on the same day, with access details provided for participants [2] - A replay of the conference call will be available on the company's investor website at 11:30 a.m. ET on April 23, 2025 [2]
Telenor's Subsidiary KNL Signs Framework Agreement with the Finnish and Swedish Defence Forces
Globenewswire· 2025-04-02 10:30
Core Viewpoint - Telenor is expanding into the defence industry through its subsidiary KNL, which has signed a ten-year contract with the Finnish and Swedish Defence Forces for advanced military communication technology, highlighting the company's strategic move amid rising cyber threats and geopolitical tensions [1][4]. Group 1: Company Developments - Telenor acquired KNL Networks five years ago, initially focusing on dual-use solutions for civilian and military markets, but has since shifted exclusively to the defence sector, developing innovative technology for military operations [2]. - KNL has created high-frequency communication solutions that function independently of traditional infrastructure, crucial for military missions, ensuring reliable communication even in challenging conditions [3]. Group 2: Contract and Collaboration - The agreement with NORDEFCO, effective from 2025 to 2035, involves KNL, the Swedish Defence Material Administration, and the Finnish Defence Forces, although financial details remain confidential [4]. - The deepening Nordic defence cooperation is leading to increased joint procurement efforts, aiming for standardised equipment purchases across Nordic countries, which could further enhance KNL's market presence [6]. Group 3: Market Potential - KNL is engaging in dialogue and collaboration with several NATO countries, indicating significant international growth potential for Telenor's defence technology [7]. - The company anticipates that the agreement will serve as a foundation for accelerated development and a stronger position in the international defence market, meeting critical needs in current security situations [8][9].
TE Connectivity completes acquisition of Richards Manufacturing
Prnewswire· 2025-04-01 20:15
Group 1 - TE Connectivity plc has completed the acquisition of Richards Manufacturing Co, a leader in utility grid products in North America [1][2] - The acquisition positions TE Connectivity to take advantage of the ongoing grid replacement and upgrade cycle in the region, enhancing its service capabilities for utilities and energy customers globally [1] - The management team of Richards will continue to operate the acquired business, ensuring continuity during the integration process with TE Connectivity [2] Group 2 - TE Connectivity is recognized as a global industrial technology leader, focusing on creating a safer, sustainable, and connected future through its connectivity and sensor solutions [3] - The company employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries, emphasizing the importance of connectivity in various sectors [3]
TE Connectivity (TEL) is a Top-Ranked Growth Stock: Should You Buy?
ZACKS· 2025-03-26 14:45
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? Developed ...
Jottacloud and Telenor Software Lab Merge to Build a Strong Norwegian Challenger in Cloud Storage
Globenewswire· 2025-03-19 14:00
Core Viewpoint - The merger of Telenor and Jotta's cloud storage businesses aims to create a robust Norwegian alternative to global technology providers, driven by growing consumer concerns over data security and privacy [1][10]. Company Overview - Telenor Software Lab has been offering cloud services for over a decade, while Jottacloud has established itself as a leading storage provider in Europe since its founding in 2008, achieving an average annual revenue growth of 16.7% over the past ten years [2]. - The new company will be a joint venture owned 50/50 by Hawk Infinity and Telenor Amp, enhancing both Jottacloud and Min Sky services [3]. Market Context - The cloud storage market is rapidly expanding due to increasing data needs and digitalization, with services becoming essential in everyday life [6]. - The merger is expected to serve over 2 million active customers and generate revenues of approximately NOK 200 million in 2025, with an enterprise value estimated at NOK 1.5 billion [5]. Strategic Advantages - The merger is anticipated to create synergies in secure data storage, artificial intelligence, and product development, enhancing the overall cloud storage experience for users [4]. - Jottacloud has been a pioneer in AI, being the first cloud storage provider to introduce AI-powered language-based search for photos, which will continue to be a focus for innovation [8]. Commitment to Security and Sustainability - Jottacloud prioritizes privacy, sustainability, and data security, with its server infrastructure based entirely in Norway and powered by 100% renewable energy [9]. - Following the merger, all data will be relocated to Jottacloud's Norwegian data centers, reinforcing its commitment to secure, locally stored data [10]. Regulatory Considerations - The merger is subject to approval by the Norwegian Competition Authority, with completion expected in Q2 2025 [11].
TE Connectivity announces 9% increase in quarterly cash dividend to $0.71
Prnewswire· 2025-03-13 20:30
Group 1 - TE Connectivity plc declared a regular quarterly cash dividend of $0.71 per ordinary share, representing a 9% increase from the previous dividend of $0.65 [1] - The dividend is payable on June 10, 2025, to shareholders of record at the close of business on May 21, 2025 [1] - During the 2025 annual general meeting, shareholders voted in favor of all agenda items, including the reelection of all 12 members to the board of directors [2] Group 2 - TE Connectivity is a global industrial technology leader focused on creating a safer, sustainable, productive, and connected future [3] - The company offers a broad range of connectivity and sensor solutions that support various sectors, including transportation, energy networks, automated factories, data centers, and medical technology [3] - TE Connectivity employs over 85,000 individuals, including 9,000 engineers, and operates in approximately 130 countries [3]
TE Connectivity ranks among Clarivate Top 100 Global Innovators 2025
Prnewswire· 2025-03-12 11:04
List highlights organizations at the forefront of technology research and innovationGALWAY, Ireland, March 12, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has been named among the Clarivate Top 100 Global Innovators, an annual list of organizations that prioritize innovation as a business strategy. TE Connectivity is a Clarivate Top 100 Global Innovator 2025. Innovation is a core value at TE, which has been named a Top 100 Global Innovator 12 times since Clarivate cre ...
TE Connectivity named among World's Most Ethical Companies for 11th consecutive year
Prnewswire· 2025-03-11 12:02
Ethisphere continues its recognition of TE for its commitment to ethics, compliance and governance programsGALWAY, Ireland, March 11, 2025 /PRNewswire/ -- TE Connectivity, a world leader in connectors and sensors, has earned the 2025 World's Most Ethical Companies recognition from Ethisphere, a global leader in defining and advancing the standards of ethical business practices.TE, a recipient of this honor for 11 years in a row, is one of only four honorees in the electronics and components industry. In 202 ...
TE Connectivity survey reveals inconsistent emergence of AI era globally
Prnewswire· 2025-03-05 10:58
Industrial Technology Index shows most companies have begun adopting AI, but inadequate training is limiting widespread integration GALWAY, Ireland, March 5, 2025 /PRNewswire/ -- The 2025 Industrial Technology Index from TE Connectivity, a world leader in connectors and sensors, shows the integration of artificial intelligence at companies around the world is being hindered by a lack of comprehensive training programs, though optimism around the technology remains strong. The TE Connectivity Industrial ...
Why Is TE Connectivity (TEL) Down 0.8% Since Last Earnings Report?
ZACKS· 2025-02-21 17:35
A month has gone by since the last earnings report for TE Connectivity (TEL) . Shares have lost about 0.8% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is TE Connectivity due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. TEL Q1 Earnings Surpass Estimates, Sales In ...