Vertiv Q2 shines on Wall Street as net sales jump 24% to hit $1.7bn

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Vertiv Q2 shines on Wall Street as net sales jump 24% to hit $1.7bn

The better-than-expected results are likely to be repeated as AI digital infrastructure demand delivers on strong market growth with the group’s FY23 forecast now raised to nearly US$7 billion in revenue.

By João Marques Lima

Founder and Editor, The Tech Capital

5 Mins

Vertiv Q2 shines on Wall Street as net sales jump 24% to hit $1.7bn

Publicly traded digital infrastructure manufacturer Vertiv Holdings Co's (NYSE: VRT) second-quarter net sales of US$1,734 million exceeded expectations, with a significant increase of US$335 million compared to the same period last year. This represents a robust growth rate of 24%.