UK's Raspberry Pi shares hit record as industrial demand boosts outlook

Article excerpt

Raspberry Pi's stock hit an all-time high after the British computer-maker raised its full-year revenue guidance, citing surging demand from industrial customers. The firm, which makes affordable single-board computers originally designed for education, now expects annual revenue between $163 million and $167 million, up from previous guidance of $140 million to $150 million. Industrial applications, from factory automation to robotics, have become a major revenue driver as the company moves beyond its consumer roots. The London-listed company also reported strong margins and cash generation in recent quarters, signaling that its transition to higher-value business segments is gaining momentum.