ZURICH — Siemens raised its full-year profit outlook after reporting better-than-expected first-quarter results, driven by AI-related data-center demand, Reuters reported and Defense World noted in an earnings-call recap.
Reuters said industrial profit jumped 15% to 2.90 billion euros and sales rose 4% to 19.14 billion euros in the quarter through December, while net profit of 2.22 billion euros also beat expectations.
Data-center demand
Chief Executive Roland Busch said the data-center business lifted revenue by more than a third and demand exceeded expectations, according to Reuters.
Orders and backlog
Defense World said Siemens’ book-to-bill ratio was 1.12 and its order backlog hit a record 120 billion euros, with group orders up 10% to 21.4 billion euros.
It added that Smart Infrastructure orders climbed 22% to a quarterly record 7.2 billion euros, helped by data-center wins totaling about 1.8 billion euros.
Outlook raised
Siemens raised its basic earnings outlook to 10.70–11.10 euros per share from 10.40–11.00 euros for the fiscal year ending in September, Reuters reported.
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