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Siemens surprised the markets with 17% profit growth

The German company Siemens surprised markets with profit growth from 17 percent in the fourth quarter of last year. A positive result from the main activity of the giant amounts to 1.79 billion euro. The revenue for the period of Siemens, which is the first quarter of the financial year the company increased by 12 percent to 19.49 billion. The results of the German company shows that the global economy continues to recover. Siemens is considered a good indicator of the state of economic activity, as operating in 190 countries and has over 400 thousand employees. The company also has an extremely large product portfolio that covers nearly the entire spectrum of the economy. During the quarter the company received orders worth 22.59 billion, an increase of 19 percent annually. Operating profit of the three main sectors in which the company operates - industry, energy and health care increased by 6 percent annually to 2.23 billion dollars. From the company Siemens announced that much of the improvement in results is due to strong interest and significant orders from developing countries.