Siemens Parent Hikes Guidance Second Time on Data Center Surge & Software Gains

AG, the parent of Siemens India, has raised its full-year earnings guidance for the second time this year. The German industrial giant cited a surge in data centre spending and higher returns from selling software to industry as key drivers. The company now expects higher earnings per share, supported by strong order intake and profitable growth across its digital industries and smart infrastructure businesses. This positive outlook from the global parent is expected to provide a supportive backdrop for Siemens India’s operations in automation, electrification and digital solutions. Top stocks in the industrial automation / capital goods industry: , , and