Currently on ENGINEERING.com: How Siemens’ 2022 PLM Performance Stacks Up

MEET Siemens PLM-division's CEO, TONY HEMMELGARN, in today's interview on ENGINEERING.com. Last month, Siemens AG reported a solid result for its full fiscal year (FY) 2022, with €72 billion (around $75 billion), revenue increased by 8.2 percent compared to last year's corresponding €62.3 ($64.8 B). In fact, this is an excellent result given the general global economic conditions in 2022 as a whole, as well as COVID-19, Russia's war of aggression against Ukraine and the consequences to global industrial operations, including rising energy prices, shortages of key industrial components and a general recessionary trend.
“Based on strong growth momentum, all four industrial businesses recorded increases in order intake and revenue,” Siemens wrote in a press release, claiming that these increases were significant in some specific cases such as the PLM and automation businesses. So, how did these do?
To understand this, we have to divide the operations into three branches. In addition to the entire group Siemens AG, there are two divisions that are interesting from a PLM and an industrial product realization software perspective:
* Siemens Digital Industries, which generally cover the automation side of the business, and
* Siemens Digital Industries Software, which cover all the industrial software businesses including PLM and EDA.
Both these units performed surprisingly well, not least the software PLM division:
"Yes, things are going very well for us. We can show great Annual Recurring Revenues (ARR) growth and we're still winning new accounts, some of them that we pulled away from our competitor, but we're not ready to talk about these in this early stage," summarizes CEO Tony Hemmelgarn, the head of the digital industries software division, in today's interview. In this article, we discuss Siemens’ year end results and analyze more of the details behind these developments and their tough battle with Dassault Systèmes. Four things stand out in particular, what are they? Click on the headline below this intro to read Verdi Ogewell's full article on ENGINEERING.com, including the interview with Hemmelgarn.