Quartz·1 min read·easy
Caterpillar's profit nearly doubled as data center building boom powered record revenue
✦AI Summary
Caterpillar achieved record quarterly revenue of $20.5 billion, with profits nearly doubling compared to the previous period. The growth is largely attributed to the ongoing boom in data center construction and demand for power equipment.
The equipment maker posted $20.5 billion in quarterly sales for the first time in its history, driven by demand for construction and power gear
businesseconomytechnology
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