Siemens Beats Views as Industrial Business Grows
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Siemens posted better-than-expected revenue and net profit for its second quarter on a strong performance of its industrial business. The German technology giant on Thursday said that it saw revenue growth in most industrial businesses, led by significant increases in its mobility and smart infrastructure segments. Profit from industrial business rose 29% to 3.24 billion euros ($3.62 billion) for the quarter ended March 31, with an expanded margin of 16.9% from 14%.
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