💨 Abstract

Rockwell Automation reported a Q1 profit above expectations, boosted by its lifecycle services unit offering digital consulting and services like cybersecurity, remote monitoring, and asset management. Shares surged 9%. CEO Blake Moret expects gradual sales and margin improvement. Peer Emerson also beat estimates last week. Sales at Rockwell's services unit grew 5%, and the adjusted profit per share was $1.83 versus $1.59

Courtesy: theprint.in

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