ABB says data centre business booming, Q3 figures in line with forecasts
Tue 06:02
ABB says data centre business booming, Q3 figures in line with forecasts ZURICH, Oct 20 (Reuters) - ABB ABBN.S is continuing to see a boom in spending on data centres used to power artificial intelligence, the engineering group said on Tuesday, as it reported its latest earnings.
The Swiss company said its operational earnings before interest, tax and amortisation jumped 24% to $2.03 billion in the three months to the end of September, slightly ahead of analyst forecasts for $2.0 billion.
Revenue meanwhile rose 14% to $9.70 billion, slightly below forecasts of $9.74 billion in a company gathered consensus.
(Reporting by John Revill
Editing by Linda Pasquini)((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))
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ABB says data centre business booming, Q3 figures in line with forecasts