Schneider Electric Surfing the Development of Artificial Intelligence
Schneider Electric achieves record revenue of over 40 billion euros for the first time, driven by robust growth across its divisions.
Schneider Electric, a French multinational, has reported a historic revenue of over 40 billion euros, marking a significant milestone in its operations. This achievement highlights the company's ability to harness the growing demand in various sectors, including energy management and industrial automation. The 9% increase in revenue compared to the previous year underscores the resilience and dynamism of Schneider Electric in a competitive market.
The company also announced the appointment of Olivier Blum as the new CEO, signaling a strategic shift as they prepare for future challenges and opportunities. Blum indicated that 2025 would be a pivotal year for Schneider Electric, focusing on further integrating artificial intelligence into its operations. The company aims to leverage AI to enhance its energy management systems and optimize industrial automation, ensuring it remains at the forefront of innovation in the rapidly evolving technology landscape.
With roughly 30% of its revenue generated from data centers, another 30% from industrial automation, and the remaining 30% from building management, Schneider Electric's diverse portfolio has positioned it to capitalize on emerging technologies. As businesses increasingly turn to smart solutions for energy efficiency and sustainability, Schneider Electric's forward-looking approach could influence industry standards and drive further growth in the sector.