Siemens posted better-than-expected revenue and order intake for its third quarter, driven primarily by its mobility business.

The German technology giant on Thursday said that it saw revenue growth in most industrial businesses in the quarter ended June 30 led by a significant increase in mobility demand. Orders at the business more than tripled due to a sharply higher volume from larger orders, including one worth 3.5 billion euros ($4.08 billion) from an existing framework agreement for a turnkey rail system in Egypt.

Trump Pledged to Bring Back Manufacturing. The Sector Is Sputtering.

Disney Paying $1.6 Billion for WWE Rights

United Airlines Resumes Flights After Tech Problem Prompts Halts

Microsoft Raids Google’s DeepMind AI Unit With Promise of Less Bureaucracy

U.S. Trading Partners Race to Secure Exemptions From Trump’s Tariffs

The business recorded strong top-line growth and saw orders jump to 7.94 billion euros from 2.40 billion euros from the prior year’s period, while revenue increased 19% on a comparable basis to 3.07 billion euros.

Mobility’s sales continues to look promising for the fourth quarter and thereafter, Chief Financial Officer Ralf Thomas said in a press call.

However, at digital industries, orders and revenue dropped 4% and 10%, respectively, on a comparable basis. All of the business’s top-and bottom-line key performance indicators reflect a challenging basis of comparison, the company said. In addition, orders haven’t yet seen the expected demand increase in the second half of the fiscal year, it added.

The performance is disappointing, Deutsche Bank Research analysts Gael de-Bray and Nabil Najeeb said in a note to clients. Citi analysts see the progression of the business as the main focus moving forward.

Earlier this year, Siemens said it would cut more than 6,000 jobs in automation and electric-vehicle charging businesses by the end of fiscal 2025. This is going according to plan and an agreement has been signed with employee representatives in Germany, the company said.

Siemens shares trade 1% higher at 221.4 euros.

Meanwhile, revenue in the smart-infrastructure business rose 9% on a comparable basis to 5.71 billion euros. This was led by the electrification business which continued to execute strongly on its large order backlog from data center and energy customers, Siemens said.

The German conglomerate followed European peers Schneider Electric, ABB and Legrand in continuing to capitalize on the booming demand from artificial intelligence and data-center infrastructure. ABB posted increased margins in its electrification unit, while Schneider Electric saw double-digit organic growth in its energy management business. In the U.S., Eaton noted a twelve-month rolling average orders acceleration in Electrical Americas, driven by data center momentum.

For the quarter ended June, Siemens posted net profit of 2.05 billion euros, up from 1.98 billion euros the prior year. Revenue rose 5% on a comparable basis to 19.38 billion euros.

The figures beat analysts expectations of net profit at 1.80 billion euros on revenue of 19.24 billion euros, according to consensus estimates compiled by the company.

Orders rose 28% on a comparable basis at 24.72 billion euros, above analysts’ estimated 21.46 billion euros, according to the same consensus.

For fiscal 2025, the company backed its outlook, targeting group comparable revenue growth between 3% and 7%.

Smart infrastructure’s profit margin is estimated to range between 17% and 18%, and digital industries’ s profit margin between 15% and 19%.

Effects related to the Altair and Dotmatics acquisitions aren’t included in the outlook, Siemens said.

Citi analysts see limited underlying changes to forecasts following these results and said bigger catalysts for the shares are yet to come with the capital markets day in December, they said.

Write to Nina Kienle at nina.kienle@wsj.com

Trump Exempts Tech Companies That Invest in U.S. From 100% Chip Tariffs

As AI Changes Internet Search, Reddit Lies in a Sweet Spot

McDonald’s Sales Rebound After Burger Giant Hammers Value Message

Apple Stock Rally Pushes Nasdaq Near a Record

Government Data Is Under Fire, but It Makes the World Go ‘Round