Siemens Sees Data Center Boom Offsetting Automation Slump

By Yahoo! Finance | Nov 14, 2024 at 04:07 AM EST

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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