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Schneider Electric Raises 2026 Outlook After Q3 | Markets & Money News
Schneider Electric has raised its 2026 financial target following a strong Q3 performance, reporting a 16.9% organic sales increase and record revenue of €11.46 billion. The surge in demand for data center equipment, with triple-digit growth noted by CEO Olivier Blum, signals a bright future. Energy Management revenue grew 18.8%, surpassing expectations, while Industrial Automation showed modest growth. Despite some challenges in China, Schneider's nine-month revenue stands at €32.69 billion,
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