Latest news with #SmartInfrastructure
Yahoo
21-05-2025
- Business
- Yahoo
Smart Infrastructure Global Strategic Industry Report 2025: Market to Reach a Staggering $1.5 Trillion by 2030 - IoT, Smart Grids, and Next-Gen Transport Fueling Developments and Expansion
Explore the burgeoning Global Smart Infrastructure Market, valued at US$485.2 Billion in 2024 and projected to hit US$1.5 Trillion by 2030, marking a CAGR of 21.3%. Discover key drivers like urbanization, IoT, AI, and big data that are propelling this growth. Gain insights into trends, regional analysis, and competitive landscapes with forecasts for pivotal markets including the U.S. and China. Access actionable insights and detailed analysis to make informed business decisions in this rapidly evolving sector. Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Smart Infrastructure - Global Strategic Business Report" report has been added to global market for Smart Infrastructure was valued at US$485.2 Billion in 2024 and is projected to reach US$1.5 Trillion by 2030, growing at a CAGR of 21.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Smart Infrastructure cities and industries become more connected and automated, the demand for infrastructure that can support these innovations is soaring. These technologies allow for real-time data collection, predictive maintenance, and energy optimization, providing infrastructure operators with the tools needed to improve service delivery, reduce costs, and ensure sustainability. For instance, smart grids are capable of efficiently distributing power and managing renewable energy sources, while intelligent transportation systems optimize traffic flow, reduce congestion, and lower emissions.A key driver behind the rise of smart infrastructure is the global urbanization trend. By 2030, it's estimated that nearly 60% of the world's population will live in urban areas, placing immense pressure on existing infrastructure. To accommodate this growth and ensure the long-term viability of cities, governments and private players are increasingly turning to smart technologies to optimize resource allocation and reduce waste. What Are the Key Drivers of Growth in the Smart Infrastructure Market?The growth in the smart infrastructure market is driven by several factors, including the increasing need for urbanization solutions, technological advancements, and sustainability initiatives. One of the primary drivers is the rising demand for smarter cities to accommodate the growing global population. With urbanization placing greater pressure on infrastructure systems, governments and municipalities are investing heavily in technologies that can improve the efficiency, safety, and sustainability of their infrastructure. IoT, AI, and big data analytics are making it possible to collect and analyze vast amounts of data from urban infrastructure, providing valuable insights that help optimize resource allocation and decision-making. This data-driven approach is helping cities reduce costs, enhance service delivery, and improve overall quality of life for their major factor is the increasing push for sustainability and environmental consciousness. Climate change concerns and the push for carbon-neutral policies are driving governments and businesses to look for ways to reduce their environmental impact. Smart infrastructure solutions, such as energy-efficient buildings, smart grids, and waste management systems, are playing a key role in helping organizations meet these sustainability goals. The rapid advancement of 5G networks and the growing adoption of AI and automation are fueling the expansion of smart infrastructure by providing the high-speed connectivity and data processing power needed to support these technologies. Together, these factors are propelling the market for smart infrastructure forward, making it an essential part of the future urban Does Technology Fuel the Transformation of Infrastructure?At the core of smart infrastructure is the convergence of various cutting-edge technologies that make it possible to manage and operate infrastructure in ways that were once unimaginable. IoT is central to this transformation, allowing devices and sensors embedded within infrastructure systems to communicate with each other and send data to centralized platforms. This data can be analyzed and processed by AI algorithms to provide insights into system performance, predict failures, and suggest optimal solutions. For instance, smart buildings can adjust lighting, heating, and air conditioning based on occupancy patterns, improving energy efficiency and reducing operational costs. In the transportation sector, AI-powered traffic lights and autonomous vehicles can dynamically adjust routes and traffic patterns in real-time, leading to fewer delays and reduced fuel 5G technology is playing a pivotal role in enhancing the performance of smart infrastructure. With its ultra-low latency and high bandwidth capabilities, 5G can enable faster communication between devices and infrastructure management systems, making it ideal for applications that require real-time responses, such as autonomous vehicles or smart grids. Furthermore, blockchain technology is being explored for use in infrastructure projects as a way to increase transparency, enhance security, and streamline transactions. For example, blockchain-based smart contracts can simplify supply chain management by automating procurement processes and reducing delays caused by paperwork. Together, these technologies are not just making infrastructure more intelligent, but also enabling a new level of connectivity and automation that is reshaping industries and cities Are the Market Trends Shaping the Smart Infrastructure Sector?The market for smart infrastructure is evolving rapidly, influenced by several key trends that are redefining the sector. One such trend is the increasing adoption of "smart city" solutions. Governments and municipalities around the world are investing in smart city technologies to improve urban living and drive economic growth. These technologies aim to make cities more livable by improving public services, reducing energy consumption, and enhancing overall quality of life. Smart buildings are becoming a prominent part of this movement, incorporating features like automated lighting, energy-efficient HVAC systems, and integrated security technologies. These systems help reduce the environmental impact of buildings while providing occupants with a more comfortable and productive significant trend is the growing interest in sustainability and energy efficiency. Smart grids, smart meters, and renewable energy systems are enabling cities and industries to manage energy use more effectively and reduce carbon emissions. Governments and corporations are increasingly setting ambitious sustainability targets, and smart infrastructure is playing a key role in achieving these goals. For instance, smart water management systems help cities reduce water waste, while IoT sensors track air quality in real-time to provide valuable insights for improving environmental conditions. Additionally, the rapid development of autonomous vehicles, drones, and other next-gen transportation systems is set to revolutionize how people and goods move through cities, further driving demand for smart infrastructure ScopeSegments: Component (Smart Infrastructure Products, Smart Infrastructure Services) Type (Smart Transportation Systems, Smart Energy Management Systems, Smart Safety & Security Systems, Smart Waste Management Solutions, Other Types) End-User (Non-Residential End-User, Residential End-User) Key Insights: Market Growth: Understand the significant growth trajectory of the Smart Infrastructure Products segment, which is expected to reach US$932.3 Billion by 2030 with a CAGR of a 18.5%. The Smart Infrastructure Services segment is also set to grow at 26.7% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $127.6 Billion in 2024, and China, forecasted to grow at an impressive 20.3% CAGR to reach $238.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ABB Ltd., Broadcom, Inc., Cisco Systems, Inc., Dynamic Ratings, Hewlett Packard Enterprise Development LP and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Topics Covered: MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Economic Frontiers: Trends, Trials & Transformations Smart Infrastructure - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E) MARKET TRENDS & DRIVERS Rising Demand for Energy Efficiency Fuels Growth in Smart Infrastructure Solutions Advancements in IoT and Sensor Technologies Propel Innovation in Smart Building Systems Focus on Real-Time Monitoring Drives Adoption of Smart Infrastructure Platforms Emergence of Smart Cities Expands Applications for Advanced Infrastructure Solutions Integration with AI and Machine Learning Enhances Efficiency in Smart Infrastructure Management Focus on Reducing Carbon Emissions Strengthens the Case for Smart Infrastructure Deployment Growth in Renewable Energy Integration Highlights the Role of Smart Infrastructure Increased Adoption of Digital Twins Drives Real-Time Analysis in Smart Systems Advancements in Connectivity Technologies, Including 5G, Expand Smart Infrastructure Applications Rising Demand for Resilient Urban Infrastructure Fuels Smart System Deployment Focus on Predictive Maintenance Enhances Demand for Integrated Smart Platforms Integration with Blockchain Technology Improves Transparency in Smart Infrastructure Projects FOCUS ON SELECT PLAYERS:Some of the 42 companies featured in this Smart Infrastructure market report include: ABB Ltd. Broadcom, Inc. Cisco Systems, Inc. Dynamic Ratings Hewlett Packard Enterprise Development LP Honeywell International Inc. Huawei Technologies Co., Ltd. Hubbell Incorporated IBM Corporation Wipro Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
21-05-2025
- Business
- Yahoo
Smart Infrastructure Global Strategic Industry Report 2025: Market to Reach a Staggering $1.5 Trillion by 2030 - IoT, Smart Grids, and Next-Gen Transport Fueling Developments and Expansion
Explore the burgeoning Global Smart Infrastructure Market, valued at US$485.2 Billion in 2024 and projected to hit US$1.5 Trillion by 2030, marking a CAGR of 21.3%. Discover key drivers like urbanization, IoT, AI, and big data that are propelling this growth. Gain insights into trends, regional analysis, and competitive landscapes with forecasts for pivotal markets including the U.S. and China. Access actionable insights and detailed analysis to make informed business decisions in this rapidly evolving sector. Dublin, May 21, 2025 (GLOBE NEWSWIRE) -- The "Smart Infrastructure - Global Strategic Business Report" report has been added to global market for Smart Infrastructure was valued at US$485.2 Billion in 2024 and is projected to reach US$1.5 Trillion by 2030, growing at a CAGR of 21.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Smart Infrastructure cities and industries become more connected and automated, the demand for infrastructure that can support these innovations is soaring. These technologies allow for real-time data collection, predictive maintenance, and energy optimization, providing infrastructure operators with the tools needed to improve service delivery, reduce costs, and ensure sustainability. For instance, smart grids are capable of efficiently distributing power and managing renewable energy sources, while intelligent transportation systems optimize traffic flow, reduce congestion, and lower emissions.A key driver behind the rise of smart infrastructure is the global urbanization trend. By 2030, it's estimated that nearly 60% of the world's population will live in urban areas, placing immense pressure on existing infrastructure. To accommodate this growth and ensure the long-term viability of cities, governments and private players are increasingly turning to smart technologies to optimize resource allocation and reduce waste. What Are the Key Drivers of Growth in the Smart Infrastructure Market?The growth in the smart infrastructure market is driven by several factors, including the increasing need for urbanization solutions, technological advancements, and sustainability initiatives. One of the primary drivers is the rising demand for smarter cities to accommodate the growing global population. With urbanization placing greater pressure on infrastructure systems, governments and municipalities are investing heavily in technologies that can improve the efficiency, safety, and sustainability of their infrastructure. IoT, AI, and big data analytics are making it possible to collect and analyze vast amounts of data from urban infrastructure, providing valuable insights that help optimize resource allocation and decision-making. This data-driven approach is helping cities reduce costs, enhance service delivery, and improve overall quality of life for their major factor is the increasing push for sustainability and environmental consciousness. Climate change concerns and the push for carbon-neutral policies are driving governments and businesses to look for ways to reduce their environmental impact. Smart infrastructure solutions, such as energy-efficient buildings, smart grids, and waste management systems, are playing a key role in helping organizations meet these sustainability goals. The rapid advancement of 5G networks and the growing adoption of AI and automation are fueling the expansion of smart infrastructure by providing the high-speed connectivity and data processing power needed to support these technologies. Together, these factors are propelling the market for smart infrastructure forward, making it an essential part of the future urban Does Technology Fuel the Transformation of Infrastructure?At the core of smart infrastructure is the convergence of various cutting-edge technologies that make it possible to manage and operate infrastructure in ways that were once unimaginable. IoT is central to this transformation, allowing devices and sensors embedded within infrastructure systems to communicate with each other and send data to centralized platforms. This data can be analyzed and processed by AI algorithms to provide insights into system performance, predict failures, and suggest optimal solutions. For instance, smart buildings can adjust lighting, heating, and air conditioning based on occupancy patterns, improving energy efficiency and reducing operational costs. In the transportation sector, AI-powered traffic lights and autonomous vehicles can dynamically adjust routes and traffic patterns in real-time, leading to fewer delays and reduced fuel 5G technology is playing a pivotal role in enhancing the performance of smart infrastructure. With its ultra-low latency and high bandwidth capabilities, 5G can enable faster communication between devices and infrastructure management systems, making it ideal for applications that require real-time responses, such as autonomous vehicles or smart grids. Furthermore, blockchain technology is being explored for use in infrastructure projects as a way to increase transparency, enhance security, and streamline transactions. For example, blockchain-based smart contracts can simplify supply chain management by automating procurement processes and reducing delays caused by paperwork. Together, these technologies are not just making infrastructure more intelligent, but also enabling a new level of connectivity and automation that is reshaping industries and cities Are the Market Trends Shaping the Smart Infrastructure Sector?The market for smart infrastructure is evolving rapidly, influenced by several key trends that are redefining the sector. One such trend is the increasing adoption of "smart city" solutions. Governments and municipalities around the world are investing in smart city technologies to improve urban living and drive economic growth. These technologies aim to make cities more livable by improving public services, reducing energy consumption, and enhancing overall quality of life. Smart buildings are becoming a prominent part of this movement, incorporating features like automated lighting, energy-efficient HVAC systems, and integrated security technologies. These systems help reduce the environmental impact of buildings while providing occupants with a more comfortable and productive significant trend is the growing interest in sustainability and energy efficiency. Smart grids, smart meters, and renewable energy systems are enabling cities and industries to manage energy use more effectively and reduce carbon emissions. Governments and corporations are increasingly setting ambitious sustainability targets, and smart infrastructure is playing a key role in achieving these goals. For instance, smart water management systems help cities reduce water waste, while IoT sensors track air quality in real-time to provide valuable insights for improving environmental conditions. Additionally, the rapid development of autonomous vehicles, drones, and other next-gen transportation systems is set to revolutionize how people and goods move through cities, further driving demand for smart infrastructure ScopeSegments: Component (Smart Infrastructure Products, Smart Infrastructure Services) Type (Smart Transportation Systems, Smart Energy Management Systems, Smart Safety & Security Systems, Smart Waste Management Solutions, Other Types) End-User (Non-Residential End-User, Residential End-User) Key Insights: Market Growth: Understand the significant growth trajectory of the Smart Infrastructure Products segment, which is expected to reach US$932.3 Billion by 2030 with a CAGR of a 18.5%. The Smart Infrastructure Services segment is also set to grow at 26.7% CAGR over the analysis period. Regional Analysis: Gain insights into the U.S. market, valued at $127.6 Billion in 2024, and China, forecasted to grow at an impressive 20.3% CAGR to reach $238.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific. Report Features: Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030. In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Company Profiles: Coverage of players such as ABB Ltd., Broadcom, Inc., Cisco Systems, Inc., Dynamic Ratings, Hewlett Packard Enterprise Development LP and more. Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments. Tariff Impact Analysis: Key Insights for 2025What's Included in This Edition: Tariff-adjusted market forecasts by region and segment Analysis of cost and supply chain implications by sourcing and trade exposure Strategic insights into geographic shifts Buyers receive a free July 2025 update with: Finalized tariff impacts and new trade agreement effects Updated projections reflecting global sourcing and cost shifts Expanded country-specific coverage across the industry Key Topics Covered: MARKET OVERVIEW Influencer Market Insights Tariff Impact on Global Supply Chain Patterns Economic Frontiers: Trends, Trials & Transformations Smart Infrastructure - Global Key Competitors Percentage Market Share in 2024 (E) Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E) MARKET TRENDS & DRIVERS Rising Demand for Energy Efficiency Fuels Growth in Smart Infrastructure Solutions Advancements in IoT and Sensor Technologies Propel Innovation in Smart Building Systems Focus on Real-Time Monitoring Drives Adoption of Smart Infrastructure Platforms Emergence of Smart Cities Expands Applications for Advanced Infrastructure Solutions Integration with AI and Machine Learning Enhances Efficiency in Smart Infrastructure Management Focus on Reducing Carbon Emissions Strengthens the Case for Smart Infrastructure Deployment Growth in Renewable Energy Integration Highlights the Role of Smart Infrastructure Increased Adoption of Digital Twins Drives Real-Time Analysis in Smart Systems Advancements in Connectivity Technologies, Including 5G, Expand Smart Infrastructure Applications Rising Demand for Resilient Urban Infrastructure Fuels Smart System Deployment Focus on Predictive Maintenance Enhances Demand for Integrated Smart Platforms Integration with Blockchain Technology Improves Transparency in Smart Infrastructure Projects FOCUS ON SELECT PLAYERS:Some of the 42 companies featured in this Smart Infrastructure market report include: ABB Ltd. Broadcom, Inc. Cisco Systems, Inc. Dynamic Ratings Hewlett Packard Enterprise Development LP Honeywell International Inc. Huawei Technologies Co., Ltd. Hubbell Incorporated IBM Corporation Wipro Ltd. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Yahoo
16-05-2025
- Business
- Yahoo
Siemens AG (SIEGY) Q2 2025 Earnings Call Highlights: Strong Order Growth and Strategic ...
Book-to-Bill Ratio: 1.1, with all businesses at or above 1. Order Backlog: EUR117 billion. Group Orders: EUR21.6 billion, up 9% year-over-year. Revenue Growth: 6% overall, with strong double-digit contributions from Mobility and Smart Infrastructure. Industrial Business Profit: EUR3.2 billion. Operational Profit Margin: 15.3%, excluding wiring accessories gain. Earnings Per Share (EPS) Pre-PPA: EUR3. Free Cash Flow in Industrial Business: EUR2.1 billion. Digital Industries Orders: EUR4.3 billion, with a book-to-bill of 1.0. Smart Infrastructure Revenue Growth: 10%, driven by electrification business up 18%. Mobility Revenue Growth: 12%, fueled by strong rolling stock backlog execution. Siemens Financial Services Gain: Substantial gain from selling the remaining stake in Bengaluru Airport. Free Cash Flow Performance: Materially topped prior year's level in industrial business. Severance Charges: Expected in the range of EUR500 million to EUR600 million for fiscal '25. Group Revenue Growth Guidance: 3% to 7% for fiscal '25. EPS Pre-PPA Guidance: EUR10.40 to EUR11 for fiscal '25. Warning! GuruFocus has detected 4 Warning Sign with LTS:0HDJ. Release Date: May 15, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Siemens AG (SIEGY) reported a robust top-line performance with a book-to-bill ratio of 1.1, supported by a high-quality order backlog of EUR117 billion. Group orders increased by 9% year-over-year, reaching EUR21.6 billion, driven by strong performances in Mobility and Healthineers. Revenue growth was 6%, with significant contributions from Mobility and Smart Infrastructure, particularly in the electrification business. The company achieved an operational profit margin of 15.3% in its Industrial business, excluding divestment gains, and generated EUR2.1 billion in free cash flow. Siemens AG (SIEGY) confirmed its group outlook for fiscal year 2025, despite rising macroeconomic and geopolitical uncertainties, and continues to focus on innovation and customer-centric growth strategies. Investment sentiment in core industries such as automotive and machine building remains soft, particularly in export-driven markets like Germany. The software business experienced a modest decline due to fewer large orders in the EDA segment, impacting overall revenue growth. Rising tariffs and trade tensions pose risks to further recovery in important customer industries, affecting investment sentiment. Siemens Healthineers faced significant headwinds on profits, with expected impacts of EUR200 million to EUR300 million. The company anticipates material severance charges in the second half of fiscal 2025, which could weigh on profit margins. Q: Can you discuss the trends in the US and China for Digital Industries, particularly in automation and software? Why has software ARR growth slowed from 14% to 12%? A: Ralf Thomas, CFO: The book-to-bill for the automation business is expected to be around 1. Customer behavior shows hesitance due to tariff debates, but structural demand remains strong. In China, the normalization of distributor stocks is complete, and we see growth momentum. The slowdown in ARR growth is partly due to restrictions in the US, particularly in semiconductor manufacturing. Q: Could you elaborate on the new product introductions in China and their impact on orders? A: Roland Busch, CEO: We launched 18 new products, mostly in automation, with excellent customer feedback. These include localized versions of PLCs and drives. While there's no immediate impact on numbers, we expect positive results in the coming quarters. The products offer enhanced functionalities and are tailored to local needs. Q: Regarding severance costs in Digital Industries, how will they affect margins in the second half of the year? A: Ralf Thomas, CFO: We expect mid-double-digit severance costs in Q3, with the bulk in Q4. Despite this, margins are expected to improve due to volume pickup and positive economic equations. The overall impact of severance on DI's annual margin will be around 80 to 90 basis points. Q: Why is there a high-teens decline in EDA software in one quarter, and how will software margins progress? A: Ralf Thomas, CFO: The EDA business is inherently lumpy due to large-scale projects. We expect a strong EDA quarter in Q4. The software margin is expected to improve gradually as we transition to SaaS, but it's too early to provide specific exit profitability numbers. Q: Can you provide more details on the Dotmatics acquisition and your ambitions in drug discovery? A: Roland Busch, CEO: Dotmatics opens a new addressable market of EUR11 billion in life sciences. It complements our existing portfolio and offers synergies in customer access and go-to-market strategies. While the acquisition stands alone, we may pursue additional tuck-ins to enhance our offerings in this space. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data
Time of India
13-05-2025
- Business
- Time of India
Siemens Q2 orders up 44% to ₹5,305 crore; PAT declines 37% to ₹408 crore
New Delhi: Siemens Limited reported a 44 per cent year-on-year rise in new orders to ₹5,305 crore in the quarter ended March 2025, against ₹3,697 crore in the same period last year, the company said in its quarterly results for continuing operations. Revenue for Q2 FY25 rose 2.6 per cent to ₹4,259 crore from ₹4,152 crore in Q2 FY24. Profit after tax (PAT) declined 37.1 per cent to ₹408 crore compared to ₹649 crore reported during the corresponding quarter of the previous fiscal. Profit from operations was ₹462 crore in Q2 FY25, down 19.5 per cent from ₹574 crore in Q2 FY24. The decline in profitability was attributed to under-absorption and higher material costs in the Digital Industries segment, along with ₹63 crore of demerger-related expenses. The PAT for Q2 FY24 had included an extraordinary gain of ₹192 crore from a property sale. The company reported a 7 per cent growth in order backlog, supported by strong order intake, particularly in its Mobility and Smart Infrastructure businesses. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, 'In spite of the challenging macro environment, our order income grew by 44% driven by our Mobility and Smart Infrastructure businesses where we see continued public Capex spending on infrastructure.' He added that the short-cycle Digital Industries business continued to be impacted by muted private Capex spending. 'Allowing for extraordinary expenses, our underlying profitability reflects our ambition towards profitable growth,' Mathur said. The financials exclude the energy business, which is being demerged. In fiscal 2024, Siemens Limited recorded revenue of approximately ₹16,000 crore from continuing operations and employed over 6,200 people.
