This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Siemens CEO Roland Busch said the German group was 'benefiting from the boom in artificial intelligence' German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids. Net profit was ...

Financial Data and Key Metrics Changes - The company reported a revenue growth of 5% to EUR 18.9 billion overall, with the largest growth contribution from smart infrastructure, which was up by 10% [6][7] - Earnings per share (EPS) pre-PPA came in at EUR 2.66, reflecting strong financial performance across metrics [9] - The backlog stands at a strong EUR 113 billion, indicating potential for further profitable growth [5] Business Line Data and Key Metrics Changes - Smart infrastructure delivered EUR 6 billion in orders, showing double-digit growth, while Siemens Healthineers grew by 4% [5][6] - Digital industries revenue was flat year-over-year, with significant growth in the software business, which increased by 82% due to large license contracts [6][16] - Automation business saw a decline in orders, down by 25% compared to the previous year, affected by lower contributions from fast-turning orders [16] Market Data and Key Metrics Changes - The Americas experienced strong revenue growth of 11%, driven by the United States, while EMEA was down 3% due to weakness in Germany [9] - Asia-Australia increased by 12%, indicating a mixed performance across regions [9] - The pricing environment in China remains challenging due to competitive pressure, with inventory levels still elevated [18] Company Strategy and Development Direction - The company aims to foster organic growth through targeted investments in production capacity and manpower, focusing on sustainability [8][10] - Continued investments in electrical equipment capacities in the U.S. and expansion of facilities in Frankfurt are planned to meet rising demand [11] - The company is committed to driving sustainable infrastructure transformation and enhancing its competitive position in the market [8][10] Management's Comments on Operating Environment and Future Outlook - Management noted that economic activity remains muted, particularly in China and Europe, leading to weak investment sentiment in core markets [6][19] - The company expects demand to develop slower than previously anticipated, with a cautious outlook for the automotive and machinery sectors [19] - Despite macroeconomic headwinds, the company remains focused on delivering value creation through profitable growth and resilient cash generation [30] Other Important Information - The company received a Platinum medal from EcoVadis for its sustainability management, ranking in the top 1% of assessed companies [9][13] - The divestment of the wiring accessories business in China to ABB is expected to close within 12 months [24] - Free cash flow performance in the first nine months was solid, with a focus on maintaining a double-digit return on revenue [29] Q&A Session Summary Question: Underlying demand in the US and Europe for DI - Management indicated that the macro environment shows muted growth momentum for production output and customer demand, particularly in Europe and China [33][34] Question: Profitability outlook for DI - Management acknowledged that while the software business had an exceptional quarter, the fourth quarter is expected to see lower profitability due to a tough comparison with the previous year [41][44] Question: Revenue run rate for DI software - Management confirmed that the software business is expected to continue growing, with a strong focus on ARR and cloud-based activities [50][52] Question: Concerns about AI investments - Management noted that while there is some hype around AI, the demand for energy and green energy is rising, indicating a super cycle in electrification markets [56] Question: Margin expectations for smart infrastructure - Management expressed confidence in further margin improvement, emphasizing the team's ability to balance growth needs with profitability [60][62]

15 November 2023, Bavaria, Munich: Flags with the word "Siemens" in front of the company's headquarters. Siemens publishes figures for fiscal year 2022/23. Photo: Karl-Josef Hildenbrand/dpa (Photo by Karl-Josef Hildenbrand/picture alliance via Getty Images) German industrial technology giant Siemens on Thursday posted better-than-expected quarterly operating profit and confirmed its full-year outlook. Industrial profit came in at 3 billion euros ($3.3 billion) in the quarter to the end of June, 11% higher t ...

Looking forward, the role of AI in healthcare is set to expand, promising substantial improvements in patient care through more accurate diagnostics, personalized treatments, and by ultimately enhancing the overall efficiency of healthcare services. Agfa Healthcare Corporation Aidoc AliveCor, Inc. Caption Health Elevance Health, Inc. HeartFlow Intelegain Technologies Siemens Healthineers AG VisualDx | --- | --- | |---------------------------------------|--------------| | | | | Report Attribute | Details | | ...

The Siemensstadt Square "district of the future" will include new living space for up to 7,000 people and create 20,000 additional jobs at the site, where Siemens still manufactures today, the company said. The 76-hectare site, due to be completed by 2035, will include homes, factories and research centers as well as offices, shops and educational, sports and leisure facilities. The project is a way of "reconciling uses" and showing that "industrial activity still has a place in our cities", said Roland Bus ...

Investors interested in Industrial Services stocks are likely familiar with Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings e ...

Investors interested in stocks from the Industrial Services sector have probably already heard of Siemens AG (SIEGY) and Ashtead Group PLC (ASHTY) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, an ...

We are -- and if you talk about recent acquisitions done in particular in the EDA and simulation space, these are tremendous multiples, which we see there and premiums. We have to be also careful with our shareholders' money when it comes to M&A. So we don't do stupid things there. And it feels good. I'm saying that also -- always to Ralf, it feels good to have a good net cash position. By the way, also, it's good to feel to have a CFO who has a tight handle on the balance sheet so that we are ready to stri ...

Siemens AG (SIEGY) closed at $93.66 in the latest trading session, marking a -0.15% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.11% for the day. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 1.24%.Heading into today, shares of the company had lost 5.8% over the past month, lagging the Industrial Products sector's gain of 4.27% and the S&P 500's gain of 0.48% in that time.Investors will be eagerly watching for the performance of Sieme ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Siemens AG (SIEGY) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Siemens AG currently has an average bro ...