Siemens raises its outlook againBloombergSiemens AG raised its outlook for a second time this fiscal year after revenue and orders jumped, with the company’s main businesses pairing industrial products with digital solutions driving the result. After a surge in demand during the fiscal second quarter, Siemens said that orders are set to normalize during the second half of this year. During the fiscal second quarter, comparable revenue rose 15 percent to 19.4 billion euros, beating analyst estimates of 18.7 billion euros. Net income rose to 3.48 billion euros, above analyst estimates of 3.1 billion euros. Siemens’ bottom line profited from a 1.59 billion euros accounting gain related to the partial impairment reversal on its stake in Siemens Energy.

Source: Taipei Times May 18, 2023 03:33 UTC