Siemens Reports Strong Profits Exceeding Market Predictions due to Sustained Demand for Data Center Solutions

For the smart infrastructure segment, a profit margin of 17-18% is expected for this fiscal year. Siemens reported a net profit increase in Q1 that exceeded market expectations, as the company continues to benefit from the demand for data centers. Overall, sentiment among industrial companies is positive. Competitors that have reported so far this earnings season also indicated that they are experiencing an increase in construction activity related to AI data centers. In this context, the European competitor ABB exceeded market forecasts in...