Celestica: The AI Datacenter's Supply Chain Winner
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Celestica Inc. is experiencing strong growth driven by demand in the data center business, with a significant increase in revenue from HPS networking switches. The company has revised its 2024 guidance, projecting $9.6 billion in revenue and a 6.5% adjusted operating margin.
December 04, 2024 | 9:30 pm
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Celestica Inc. is benefiting from strong demand in the data center sector, with a 54% increase in HPS networking switches revenue. The company has revised its 2024 guidance, projecting $9.6 billion in revenue and a 6.5% adjusted operating margin.
The article highlights Celestica's strong growth in the data center business, particularly in HPS networking switches, which significantly contributes to its revenue. The revised 2024 guidance with increased revenue and operating margin indicates positive business momentum, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100