Matt Sheerin's questions to TE Connectivity PLC (TEL) leadership • Q4 2024
Question
An analyst from Stifel, on behalf of Matt Sheerin, asked for color on the Data and Devices business excluding the AI opportunity, specifically regarding the recovery in traditional datacom applications.
Answer
CEO Terrence Curtin clarified that outside of AI, the traditional cloud infrastructure business is returning to growth, expected to be in the mid-single-digit range in the coming year. This marks a positive shift after a period where investment dollars were heavily skewed towards AI. He noted that the enterprise market remains sideways, and TE does not have significant exposure to telecom networks.