Amit Dharani

Amit Dharani inquired about the drivers behind Vertiv's 60% order uptake and the cadence for major industry announcements, such as Oracle's RPO or OpenAI's NVIDIA deal, to translate into orders and revenue for Vertiv.

Answer

CEO Giordano Albertazzi explained that order growth is driven by a strong market, technology evolution, industry trust in Vertiv's scalability, and competitive advantages like service and reliable execution. He clarified that large customer backlogs often relate to service agreements, which differ from Vertiv's infrastructure orders, but both reflect a positive market trend with gradual build-out.

Amit Dharani asked about the drivers behind Vertiv's 60% order uptake, seeking clarity on how large announcements like Oracle's RPO or OpenAI's NVIDIA deal translate into Vertiv's orders and revenues, and the typical cadence for these to flow into the ecosystem.

Answer

Giordano Albertazzi, CEO of Vertiv, explained that order growth is driven by a strong market, favorable technology evolution, industry trust in Vertiv's scaling ability, competitive advantages, and reliable execution. He clarified that large customer backlogs often relate to service agreements, which differ from Vertiv's infrastructure orders, and that Vertiv's orders align with the rapid but gradual build-out and deployment phases of these projects.