STL eyes 55-60% revenue share from data centres

Sterlite Technologies (STL) expects data centres to account for 55-60% of its revenue over the coming years as it steps up its focus on advanced connectivity products to tap demand from artificial intelligence (AI) infrastructure and cloud computing.

Data centres currently contribute around 30-35% of the company’s revenue, compared with a negligible share about a year ago, Managing Director Ankit Agarwal told FE in an interaction. The optical fibre and connectivity solutions provider expects the segment to become its largest growth driver, with the telecom business accounting for the remainder.