May 2 (Reuters) - Xylem raised its annual profit

forecast on Thursday on the back of strong demand for its water

and waste-water treatment products and services.

The company now expects 2024 adjusted profit between $4.10

and $4.25 per share, compared with its previous forecast of

$4.00 to $4.20 per share.

Analysts had expected a full-year profit of $4.14, according

to LSEG data.

Xylem also forecast annual revenue of about $8.5 billion,

compared with its previous outlook of $8.4 billion to $8.5

billion.

The company's total first-quarter revenue rose 40.4% to

$2.03 billion, beating Wall Street estimates of $2 billion.

Sales from its water infrastructure unit, which makes water

and waste-water pumps, rose 40% to $574 million.

On an adjusted basis, Xylem earned 90 cents per share,

beating estimates of 84 cents.