Rockwell Automation raises full year growth to upper end of forecast
Dated: 2 August 2007
Rockwell Automation said it is raising its revenue growth for the year to approximately 10 percent, the high end of its previous forecast of eight to nine percent. The additional one percent growth expected comes from the recent acquisition of ICS Triplex.
In a financial statement, the company also said its fiscal 2007 third quarter net income grew to US$164.2 million, from US$149 million in the same period last year.
Sales in the US increased two percent compared to the third quarter of 2006, while international sales increased 13 percent, with continued strength in Europe and Latin America. It also saw improved performance in Asia Pacific and Canada, the company said.
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