Siemens Raises Outlook on Record Profit
Siemens reported a record fourth quarter industrial profit and raised its mid-term growth outlook. The German group benefited from soaring demand for data centers powering artificial intelligence.
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Siemens AG reported an industrial profit of €3.89 billion ($4.31 billion) for the fourth quarter on Thursday morning, lifting its mid-term growth outlook. The result surpassed consensus forecasts of €3.71 billion gathered by the company. The industrial group benefited from strong demand from data centres powering artificial intelligence applications in Germany.
