Eaton reports mixed results but makes clear its AI data center business is still full steam ahead

vm_adminJanuary 31, 2025

Eaton on Friday delivered mixed fourth-quarter results Friday, but the electrical components and power systems company made clear that its fast-growing data center business isn’t slowing down despite the emergence of Chinese startup DeepSeek and its more efficient AI models. Revenue in the three months ended Dec. 31 increased 4.6% year over year, to $6.24 billion, missing the $6.33 billion consensus, according to estimates compiled by LSEG. Sales rose 6% on an organic basis, which strips…

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https://www.cnbc.com/2025/01/31/eaton-reports-mixed-earnings-but-makes-clear-its-ai-data-center-business-is-still-full-steam-ahead.html