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ASBISc Enterprises plcAsbis IT expects revenue growth in server segment
Listed IT equipment distributor Asbis revenue growth in the server segment due to the development of artificial intelligence, as announced by Costas Tziamalis, deputy CEO of the Asbis Group, at a press conference.
"In the second quarter, we saw opportunities to increase revenue based on a slightly different product range and decided to take advantage of all these opportunities and realise all this revenue despite the lower gross margin," said deputy CEO Costas Tziamalis at the conference.
He pointed out that there was growth in the smartphone segment, but the lion's share of revenue growth came from the server and server block segment.
In the second quarter of 2025, the company generated revenues of USD 188 million in the server segment, an increase of 292 percent year on year.
Company representatives announced that a number of projects related to artificial intelligence are in preparation and implementation.
"In the opinion of analysts, the current AI boom will last at least 2-3 years. We cautiously assume that we can expect additional business and activity over the next 2 years. The AI boom will cause server revenues to approach smartphone revenues," he said.
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