Siemens quarterly profit beats market view on electrification, software

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Siemens News

Earnings Growth,Electricity Infrastructure

German industrial gear maker Siemens posted better-than-expected earnings growth during the April-to-June quarter, buoyed by customers who are upgrading...

FRANKFURT - German industrial gear maker Siemens posted better-than-expected earnings growth during the April-to-June quarter, buoyed by customers who are upgrading their electricity infrastructure and by demand for production software.

The maker of trains and factory automation systems confirmed its guidance for its fiscal year until end-September for revenue growth to be at the lower end of a range between 4% to 8%, when adjusted for currency swings, acquisitions and divestments. COLOMBO, Sri Lanka — The man who is considered the heir apparent to the powerful Rajapaksa family in Sri Lanka will contest the presidential election in September, his political party said Wednesday, in an apparent bid to regain his family's lost power after a humiliating setback two years ago during an unprecedented economic crisis in the Indian ocean island nation.Allianz Q2 net profit up better-than-expected 7.

A bad call by an umpire and bad pitching by Joe Kelly leads to a bad night for the Dodgers in loss to Philadelphia.

 

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Siemens quarterly profit beats market view on electrification, softwareGerman industrial gear maker Siemens posted better-than-expected earnings growth during the April-to-June quarter, buoyed by customers who are upgrading...
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