Siemens Stock News

Siemens shareholder and employee representatives want to extend the contract of Chief Executive Roland Busch and offer him a second term in office, German business daily Handelsblatt reported on Tuesday.

Automation and AI stocks are starting to play a significant role in smart money planning in the rapidly evolving world of technology. The teamwork of AI and automation is making a strong push, leading to surprising growth and new ideas.

In view of developing times when city panorama becomes intelligent, everyone should know what is at stake in this revolution. The existence of smart cities goes beyond a trend—it's the reality that defines our present and foresees the future.

Strong ARR growth illustrates how its AI and automation offerings are in high demand. Tesla's AI and robotics journey is just getting started.

Start Time: 04:00 January 1, 0000 5:34 AM ET Siemens Aktiengesellschaft (OTCPK:SIEGY) Q4 2023 Earnings Conference Call November 16, 2023, 04:00 AM ET Company Participants Roland Busch - President and CEO Ralf Thomas - CFO Eva Scherer - Head, IR Conference Call Participants Ben Uglow - Morgan Stanley Andrew Wilson - JPMorgan James Moore - Redburn Atlantic Alexander Virgo - Bank of America Gael d...

German industrial giant Siemens on Thursday gave a cautious sales forecast for 2024, after netting a record profit in the previous financial year driven by its digital division.

Siemens AG said on Wednesday that intends to buy an 18% share from Siemens Energy in their Indian joint venture Siemens Ltd for 2.1 billion euros ($2.28 billion), reflecting a discount of 15% on the average price.

Since a major corporate restructuring a few years ago, Siemens has successfully engaged in the transition to a fully integrated technology, capitalizing on several key trends. Increasing shift to SaaS revenues in its industry-leading automation segment should provide higher earnings visibility in the future and eventually drive a re-rating of shares. Q3 figures were highly supportive of this, s...