Legrand Saw ‘Outstanding’ Data Center Growth Amid AI Boom
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Legrand SA’s first-quarter sales surpassed expectations as the artificial intelligence boom led to “outstanding” growth for data centers.
The French industrial company reported organic sales growth of 7.6%, ahead of estimates of 5.1%, it said in a statement on Wednesday. Sales rose 20% in the US, “driven by the outstanding performance of our dedicated datacenter offerings,” the company said.