MUNICH, Germany-Siemens AG delivered strong first quarter results, posting new orders worth $32.8 billion, a 31-percent increase from $20.4 billion in new orders a year earlier.
Wall Street reacted favorably, boosting Siemens’ stock to its biggest gain in more than two years. The stock rose to $91.43 this morning after closing yesterday at $86.31.
In 2005, Siemens cut some 7,000 jobs and pulled out of mobile phone production.
“The first quarter demonstrates that Siemens’ business portfolio delivers strong growth on the combination of innovative solutions, strong presence in growth markets and acquisitions,” said Klaus Kleinfeld, chief executive officer at Siemens.
