Engineering giant Siemens posted positive financial results for the first fiscal quarter of 2008, but revenue from the IT Solutions and Services (SIS) division remained flat.
Overall revenues grew by 10 per cent to E18.4bn (£13.7bn) year on year, with operating profit up 16 per cent to E1.7bn (£1.3bn).
External revenues for SIS remained flat at E1bn (£0.75bn), very different from the double-digit profit growth attributed to other Siemens divisions such as Automation and Drives, Industrial Solutions and Services and Power Transmission and Distribution.
Have your say on this article
Newsletters
Latest stories from Finance and Reporting
Latest videos
You may also like
Finance and Reporting jobs
Technology Patent Wars
Case studies from large organisations across all sectors
... And rich media, and flexible working, and peaks in traffic ...
Upcoming Events
Join us for this Computing web seminar, in which the Head of BI at the Co-operative Group Nick Colebourn will be explaining just how he reigned in the Group’s sprawling database estate and how significant savings were realised and data quality improved as a result.
Date: 31 May 2012
Time: 11:00 AM
Live June 13th 11:00am: Register now. During this web seminar we will be looking at the sorts of incidents that can bring data centres grinding to a halt and what can be done about them.
Date: 13 Jun 2012
Time: 11:00 am
Receive the latest jobs direct to your inbox
Are you being paid what you are worth?
