Keep pulling the thread on Revathi Advaithi.
Flex is spinning off its business focused on data centers and utilities into a standalone company.
Flex's Cloud and Power Infrastructure (CPI) business grew by approximately 38% in its last fiscal year.
Flex has provided guidance for its Cloud and Power Infrastructure (CPI) business to grow 65% to 75% in the current fiscal year.
Flex projects its Cloud and Power Infrastructure (CPI) business will grow by over 80% in the next fiscal year.
Flex plans to complete the spinoff of its Cloud and Power Infrastructure business in early calendar year 2025.
Flex previously spun off its solar asset, NextTracker.
NextTracker, a company previously spun off from Flex, has a market capitalization of $17 billion.
Flex has created a new reporting segment called Cloud and Power Infrastructure (CPI), which is the entity that will be spun off.
Flex has provided guidance for its remaining contract manufacturing business to achieve low to mid-single-digit growth.
Revathi Advaithi believes that the high power density requirements of modern data centers are making traditional power delivery methods obsolete.
Revathi Advaithi asserts that the adoption of technologies like solid-state transformers for data center power delivery will necessitate significant changes to the electrical grid and utility operations.
According to Revathi Advaithi, short-term electricity prices are rising because high power consumption is outpacing the addition of new generation capacity.