Apple supplier Jabil raises annual forecast as data center appetite remains strong

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Electronics component maker ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/jabil” target=”_blank”>Jabil raised full-year profit and revenue forecast on Tuesday, betting on strong infrastructure services demand for data centers.

Shares of the company rose about 5% in premarket trading, after it also surpassed Wall Street estimates for third-quarter results.

Companies rushing to adopt the artificial intelligence technology in their operations have pushed up the need for data centers, which can support vast amounts of computing and complex tasks.

“Our intelligent infrastructure segment remains a critical growth engine,…



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Apple supplier Jabil raises annual forecast as data center appetite remains strong


Electronics component maker ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/jabil” target=”_blank”>Jabil raised full-year profit and revenue forecast on Tuesday, betting on strong infrastructure services demand for data centers.

Shares of the company rose about 5% in premarket trading, after it also surpassed Wall Street estimates for third-quarter results.

Companies rushing to adopt the artificial intelligence technology in their operations have pushed up the need for data centers, which can support vast amounts of computing and complex tasks.

“Our intelligent infrastructure segment remains a critical growth engine,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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