08
Aug
Siemens AG sees group revenue growth and returns at its key industrial unit at the lower end of forecasts as factories run below capacity and customer stock levels are high, especially in China.The main digital industries division, which makes products to automate factories, struggled with weak markets in the fiscal third quarter. Automation sales and new orders dropped, masking a jump in software demand amid a number of large new licensing contracts, Siemens said Thursday. Source link lol