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by Emily-Sue Sloane, MA Editorial Staff, Mark Halper, ME Editorial Staff
Posted on Monday, April 21, 2008 4:55:15 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   | Abstract: | Providers of automation technology have enjoyed strong growth in recent quarters; will Q1 2008 be any different for Honeywell and Schneider? |
| Keywords: | Automation providers, automation companies |
As earnings season gets into full swing, two automation companies reported their first-quarter results, reflecting varying degrees of success.
Growth at French automation and energy stalwart Schneider Electric slowed in the first quarter ended March 31, 2008, as the company today reported a 10.7% increase in sales to €4.3 billion.
The company also said it anticipates organic growth of 6% to 8% for the full year 2008, a modest rate by Schneider standards. Keeping with its standard financial reporting practice, Schneider did not reveal profit for the quarter. It based its €4.3 billion in revenue on what it calls a “current structure and exchange rate basis.”
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