Schneider Electric 1Q Revenue Delivers Strong Growth: Shares Offer Modest Upside
Wide-moat Schneider Electric grew revenue organically by nearly 6% in the first quarter, a good result given the weakness in some macro indicators in 2019. We think the company is benefiting from growth products related to industrial automation and also effective cross-selling evidenced by revenue growth across divisions in the last year. We were also told about anecdotal signs of cross-selling lately, with various competitor product representatives at the Hanover trade fair mentioning that Schn...Schneider Electric is engaged in energy management. Co. is organized into four areas: Buildings and Partner, Infrastructure, Industry and IT; and operates in four principal markets: non-residential & residential buildings, utilities & infrastructure, industry & machine manufacturers and data centers & networks. The non-residential and residential buildings market includes end-users, property developers, design firms, and systems integrators. The utilities and infrastructure market includes energy operators. The industries market serves end users and companies, and engineering firms. The data centers and networks contain servers that process and store digital data in secure rooms.
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