Economic TimesLean R·
AI boom powers Siemens to record annual profit
German engineering giant Siemens posted record annual profit on Thursday and said it saw growth ahead as the artificial intelligence boom sweeps up European companies in its supply chain. Siemens said it expected further growth in the current business year, guiding for sales growth of between nine and 11 percent across the company as well as broadly stable or higher profit margins at its two biggest divisions.
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