Siemens Beats Views on Higher Revenue, Profit

Siemens said that for the quarter ended March net profit rose €2.25 billion from €2.03 billion. Photo: arnd wiegmann/Reuters The German industrial giant on Thursday said that for the quarter ended March net profit rose to 2.25 billion euros ($2.51 billion) from 2.03 billion euros, on revenue that increased 7% to 19.76 billion euros. Siemens posted better-than-expected revenue and net profit for its second quarter on a strong performance of its industrial business. ...