Schneider Electric (FR:SU) has released an update.
Schneider Electric achieved a record third-quarter revenue of 9.3 billion euros, driven by strong systems and services growth and a strategic acquisition in the data center sector. While energy management showed robust growth, industrial automation faced challenges due to a weak manufacturing market. The company’s focus on recurring revenue is evident with a significant increase in AVEVA’s annualized recurring revenue.
For further insights into FR:SU stock, check out TipRanks’ Stock Analysis page.