Overview
- Siemens, which reported results Wednesday, posted profit after tax of €2.2 billion with revenue at €19.8 billion.
- Orders rose 11% to €24.1 billion, lifting the backlog to a record €124 billion as currency moves cut about seven percentage points from the reported increase.
- The company affirmed its upgraded full‑year outlook and announced a share repurchase of up to €6 billion to run over as many as five years.
- Digital Industries recovered with quarterly profit up to €857 million, while Smart Infrastructure remained the biggest earner but fell about 20% because last year included a large one‑off gain.
- Data‑center revenue jumped more than 45% in the first half to €1.8 billion, which management highlighted as a key growth driver.