Siemens - 2nd quarter 2018'Digital Factory' sees double-digit growth
Siemens has announced its figures for the second quarter of fiscal year 2018: Group-wide, comparable sales were on a par with the previous year. Broken down into the individual business units, 'Digital Factory' recorded the highest growth.
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Siemens' Digital Factory (DF) business saw double-digit growth in both sales and incoming orders in the second quarter. The strongest contributions to growth came from the product lifecycle management software business and the factory automation business. There was also strong demand as a result of the acquisition of Mentor Graphics in 2017. Overall, according to Siemens, earnings and profitability were impacted by ongoing expenses for investments in the MindSphere platform.
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