Engineering powerhouse Siemens says it expects new orders to increase again in the third quarter of fiscal year 2011, driven by a major order in May for new ICx long-distance trains.
The company also anticipates a clear increase in revenue compared to the same period a year earlier.
“We're continuing to invest strongly in innovation and the expansion of our global market footprint,” said Siemens CFO Joe Kaeser at the Siemens Capital Market Day in Shanghai on Tuesday. “Our growth expectations have come along in the third quarter."