Cork-based multinational Johnson Controls raises annual profit forecast

Quarterly revenue 'modestly' beats market expectations 
Cork-based multinational Johnson Controls raises annual profit forecast

The global headquarters of Johnson Controls at One Albert Quay, Cork. Johnson Controls International raised its annual profit forecast on Tuesday, after beating third-quarter profit estimates on the back of sustained demand for its electrical and industrial equipment.

Johnson Controls International raised its annual profit forecast on Tuesday, after beating third-quarter profit estimates on the back of sustained demand for its electrical and industrial equipment.

The Cork-based firm, which makes liquid cooling systems for IT equipment as well as specialized security and fire systems, has been benefiting from the rising data centre construction as businesses ramp up spending on AI technologies.

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