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Jabil raises 2025 profit, revenue forecast on data center demand
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Jabil raises 2025 profit, revenue forecast on data center demand
Mar 20, 2025 5:55 AM

March 20 (Reuters) - Electronic component maker Jabil ( JBL )

on Thursday raised its 2025 profit and revenue forecast,

after beating Wall Street estimates for second-quarter results,

helped by strong demand for data center infrastructure.

Shares of the company rose 6.5% in premarket trading

following the results.

The rush to develop and adopt artificial intelligence

has strengthened the global appetite for data centers, in turn

benefiting companies such as Jabil ( JBL ).

The rise in demand for AI has also spurred sales of the

company's semiconductor fabrication and test equipment.

On an adjusted basis, Jabil ( JBL ) posted second-quarter earnings

of $1.94 per share, above analysts' average estimate of $1.83

per share, according to data compiled by LSEG.

It now expects a full-year adjusted profit of $8.95 per

share, compared with $8.75 per share expected previously. It

raised the full-year revenue forecast to $27.9 billion from

$27.3 billion.

The St. Petersburg, Florida-based company reported quarterly

revenue of $6.73 billion for the quarter ended February 28,

compared to estimates of $6.41 billion.

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