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Johnson Controls‐Hitachi Q2 Results Review - Increased Competition Dents Revenue, Margin: Yes Securities

Gross margin contraction is on account of intense competition in RAC space where other companies have become super aggressive.

<div class="paragraphs"><p>A staff working on a condensor at Johnsons Control-Hitachi Air Conditioning India Ltd. (Source: Company website)</p></div>
A staff working on a condensor at Johnsons Control-Hitachi Air Conditioning India Ltd. (Source: Company website)
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