Siemens Sees Uptick in Orders in Fiscal First-Quarter 2014, Despite Difficult Global Market

SUGAR LAND--January 29, 2014--Researched by Industrial Info Resources (Sugar Land, Texas)--Leading global engineering and electronics company Siemens AG (NYSE:SI) (Munich, Germany) saw a significant growth in orders in the first quarter of the company's fiscal year 2014. Although market conditions proved very challenging, including currency effects that constrained volume and income growth, the order backlog hit a record 102 billion euros ($139.31 billion) and the company benefited from major windfarm projects. Industrial Info is tracking about $100 billion in active projects involving Siemens.

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