For the first quarter of Financial Year 2017 ended December 31, 2016, Siemens Ltd. registered an increase in revenue from continuing operations by 16.1% in Q1 2017 over the same quarter in the preceding year. Profit before tax from operations of continuing operations increased by 60.5% to Rs.245.64 crore. New orders from continuing operations grew from Rs.3,076.11 crore to Rs.3,223.27 crore in the same period.
l Internet of Things (IoT) market is expected to reach $724.2 billion by 2023 and is expected to register a CAGR of 13.2 per cent over the forecast period i.e. 2016-2023. Rising adoption of smart devices and growing awareness towards internet of things among the population in urban regions are fostering the growth of IoT. The Asia-Pacific region accounted the maximum revenue share in 2015 and it is expected to dominate the overall market across the globe during the forecast period. Rapid pace in urbanisations and availability of low cost data services are propelling the demand for IoT enabled devices.
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