Siemens Raises Growth Outlook on AI Data Demand
Siemens reported fourth-quarter industrial profit rose 22 percent to €3.89 billion, driven by strong demand from artificial intelligence data centres. The German engineering group raised its mid-term revenue growth outlook and plans to reduce its stake in Siemens Healthineers.
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Siemens AG reported industrial profit jumped 22% to €3.89 billion ($4.31 billion) in the fourth quarter, driven by strong data centre demand. The record performance beat consensus forecasts of €3.71 billion for the Germany engineering group. Investors gained a boost as the company lifted its mid-term growth outlook and detailed plans to spin off its medical technology unit.
