Investing.com -- French drone manufacturer Parrot (PARRO) saw an increase in its first-quarter revenue, driven by a rise in European defense budgets.

The company, known for producing lightweight drones and mapping software, announced a first-quarter revenue of 18.4 million euros ($20.59 million), marking a 17% increase from the same period last year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.