ZURICH : Siemens reported better-than-expected quarterly profit at its industrial business on Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to its 2023 fiscal year. The builder of trains and industrial software reported profit at its industrial business of 2.7 bil
ZURICH : Siemens reported better-than-expected quarterly profit at its industrial business on Wednesday and raised its full-year sales and profit guidance, boosted by a strong start to its 2023 fiscal year.
"Our outstanding order backlog in terms of quality and quantity, together with the strong execution capabilities throughout Team Siemens, provide confidence for raising our outlook for fiscal 2023," Busch said in a statement. It also raised its profit guidance, saying it expected basic earnings per shares between 8.90 and 9.40 euros, up from 8.70 to 9.2 euros guidance it gave last November.
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