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Siemens Reports Record Industrial Profit on Growing Industrial AI Demand

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Siemens said demand is strong for AI data centers and for AI-enabled software and devices used to control factories and buildings. The company reported industrial profit up 25% to €3.52 billion for the quarter ended June, with revenue up 7% and orders up 13% to quarterly records. Siemens also raised full-year EPS guidance to €11.20–€11.50.

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