The Latest Breaking News from Vertiv

VRT stock, IBD Stock Of The Day, nears a buy point as IT infrastructure provider Vertiv powers up its sales growth and projects a strong 2023.

Thailand can be at the forefront of the hyperscale data centre sector in Asean after global tech giants Google and Amazon Web Services (AWS) announced plans to set up cloud infrastructure hubs in the country, according to Vertiv, a global provider of equipment and services for data centres.

Vertiv Holdings Co (NYSE:VRT) and Elea Digital partner to deliver edge data center services in Brazil. The partnership aims at maintaining market growth rates across a continent-wide geographical footprint. Vertiv will provide operation and maintenance services for Elea Digital data centers in key metro areas, including Porto Alegre, Curitiba, and Brasilia. Vertiv's…

Vertiv Holdings Co (NYSE:VRT) reported fourth-quarter sales growth of 8% year-over-year to $1.41 billion and 3.9% on an organic basis, missing the consensus of $1.42 billion. Sales by segments: Americas $583.9 million (+4.8% Y/Y), APAC $458.9 million (+3.8% Y/Y) and EMEA $367.7 million (+20% Y/Y). The company recorded an operating loss of $(3.9)…