Northern Data Says Revenue to Triple on Cloud Computing Push (1)

Northern Data AG, provider of high-performance computing solutions, forecast revenue could more than triple this year as it expands to meet the needs of surging artificial intelligence demand.

The Frankfurt-based company expects sales of €200 million ($218 million) to €240 million for the full year, up from €77.5 million in 2023, it said in a statement on Friday. Last year’s revenue topped Northern Data’s earlier forecast of as much as €75 million.

Northern Data has been weighing a US listing of its combined AI cloud computing and data center businesses, Bloomberg News reported earlier this month, spurring a 31% ...