FRANKFURT, Germany — German industrial giant Siemens said on Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the "boom" in artificial intelligence and customers upgrading power grids.
Net profit was 1.98 billion euros ($2.2 billion) from April to June — up about 50 percent from a year earlier and higher than analyst forecasts — on revenue of 18.9 billion euros.
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