Siemens Sees Data Center Boom Offsetting Automation Slump

By Yahoo! Finance   |   1 year ago
Siemens Sees Data Center Boom Offsetting Automation Slump

Siemens AG anticipates solid revenue growth driven by increased demand for transformers and grid technology due to the rise of data centers. The company reported a 3% revenue increase and a record net income of €9 billion in fiscal 2024, with an 11% dividend raise.

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