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via businesswire.comBusiness & Companies

Forgent raises full-year outlook after first quarter above top of guidance

FROM THE WIRE · BUSINESSWIRE.COM

DAYTON, Minn.--(BUSINESS WIRE)--Forgent Power Solutions, Inc. ("Forgent" or the "Company") (NYSE: FPS), a leading designer and manufacturer of electrical distribution equipment used in data centers, the power grid and energy-intensive industrial facilities, today announced…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRaised full-year guidance from a data-center equipment maker, relevant for its sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Forgent reported first quarter revenue of $479 million.
  2. 02Revenue rose $195 million, or 69%, year over year.
  3. 03The company raised its full-year outlook.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Forgent Power Solutions, Inc.FPSStock24.57 USDMarket closedtoday +14.39%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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