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Digital Industries’ hangover is probably not over anytime quickly

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Digital Industries’ hangover is probably not over anytime quickly

The actual figures for the second quarter, nonetheless, are much more horrifying, particularly within the core of the division, manufacturing facility automation. In the second quarter of the 2023/24 monetary yr, which runs till September, manufacturing facility automation gross sales fell by 20 p.c. Without the flourishing enterprise in industrial software program, particularly the at the moment booming chip design software program, the DI figures would have been considerably worse. Thanks to the software program enterprise, Digital Industries’ gross sales decline was ā€œsolelyā€ eleven p.c, and the working margin ā€œsolelyā€ fell from 24.3 p.c to 16.5 p.c.

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