Schneider Electric beats organic growth forecast as AI boom fuels data centre demand

Core Insights - Schneider Electric's organic revenue growth exceeded quarterly estimates, driven by increased demand for data centers that support artificial intelligence [1] Company Performance - The French industrial group reported strong performance in its latest quarter, indicating robust market conditions and effective business strategies [1] Industry Trends - The surge in demand for data centers is a significant trend, reflecting the growing importance of artificial intelligence in various sectors [1]