Data Center Switch Sales Hit Record High in 3Q 2024, Bolstered by AI Infrastructure Buildouts, According to Dell'Oro Group [Yahoo! Finance]
Celestica, Inc. (CLS)
Last celestica, inc. earnings: 4/29 07:00 am
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Source: Yahoo! Finance
Dec. 10, 2024 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, Ethernet Data Center Switch sales recorded strong-double digit growth in the third quarter, reaching an all-time high. Arista, H3C, Nvidia, Ruijie, Celestica, and other white box suppliers captured the majority of the revenue growth. "While we are encouraged by the early signs of spending recovery on traditional front-end networks for general purpose servers, the bulk of sales increase during the quarter was propelled by AI infrastructure buildouts," said Sameh Boujelbene, Vice President at Dell'Oro Group. "Majority of the sales increase was contributed by Cloud Service Providers. In the meantime, AI-related investments in other segments of the market remain insufficient to counter the ongoing slowdown in front-end network spending," added Boujelbene. Additional highlights
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