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The double-engine model at Siemens
Mint Mumbai
|October 13, 2023
At its Annual Innovation Day held recently, Siemens Ltd emphasized on digitization and decarbonization as key areas for growth opportunities driven by higher infrastructure spending and technology-led private capex.
Revenue from the digital industries segment has grown significantly for Siemens since the pandemic.
This division houses digitalisation and automation. The share of digital industries segment has risen to 23% of the total revenue in the June quarter of 2023 from 14% in the June quarter of 2020.
The company follows October to September financial year.
"This is the right time to capitalise on themes such as digitalisation and decarbonisation. Although it is difficult to quantify the benefit in the near term, these are margin accretive businesses," said Parikshit Kandpal of HDFC Securities.
This story is from the October 13, 2023 edition of Mint Mumbai.
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